a$.$ Prepare an income statement in comparative form, stating each item for both years as a percent of sales. Round to the nearest whole percentage.

Innovation Quarter Inc.

Comparative Income Statement

For the Years Ended December $31$

$\backslash$table$[[$For the Years Ended December $31],[,\backslash$table$[[$Current year$],[$Amount$]],\backslash$table$[[$Current year$],[$Percent$]],\backslash$table$[[$Previous year$],[$Amount$]],\backslash$table$[[$Previous year$],[$Percent$]]],[$Sales$,$$$4,000,000,\%,$$$3,600,000,\%$