Prepare a comparative common-size income statement for Variline, Inc., using the 2016 and 2015 data of E12-12A. Round percentages to the nearest tenth of a percent.

Variline, Inc. Comparative Income Statement Years Ended December 31, 2016 and 2015 2016 2016 Revenue $512,000 $464,300 Expenses: Cost of Goods Sold 257,000 236,000 124,300 4,000 Selling and General Expenses Interest Expense Income Tax Expense Total Expenses Net Income 118,800 5,000 37,700 397,500 $ 66,800 48,800 434,100 $ 77,900