Prepare a common-size income statement from the following (use net sales as 100%): Net Sales .................$1,000 Cost

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Prepare a common-size income statement from the following (use net sales as 100%):

Net Sales .................$1,000

Cost of Goods Sold ............ 250

Gross Profit from Sales .......... 750

Operating Expenses ............ 300

Net Income ................ $ 450

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