The Sanford Company reported the following income statement in 2018:

Required Prepare a 2018 common-size income statement for Sanford Company.

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Sales revenue.. SANFORD COMPANY Income Statement For the Year Ended December 31, 2018 Cost of goods sold Gross profit Selling and administrative expenses Income from operations Interest expense. Other expense.. Income before income taxes Income tax expense.. Net income. $13,500 5,400 8.100 1,350 6,750 675 135 5,940 2,295 $ 3,645