Prepare a comparative common-size income statement for Industrial Supply, Inc., using the 2012 and 2011 data of E12-12A. Round percentages to the nearest tenth of a percent.
InE12-12A.

Kim's Painting Balance Sheet December 31, 2012 ASSETS LIABILITIES Total Current Assets Long-Term Investments Property, Plant, and Equipment, Net S125,000 Total Current Liabilities S 95,000 180,000 275,000 55,000 Long-Term Debt Total Liabilities 340,000 STOCKHOLDERS' EQUITY Total Stockholders' Equity Total Liabilities and 245,000 Total Assets 520,000 Stockholders' Equity $520,000