Below is the comparative income statement data for Mariner, Inc. Prepare a comparative common-size income statement for
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Below is the comparative income statement data for Mariner, Inc. Prepare a comparative common-size income statement for Mariner, Inc.
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Mariner, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 $ 515,000 $ 464,300 Revenue Expenses Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses Net income 245,000 240,000 115,400 109,900 4,500 45,500 1,500 41,200 410,400 392,600 5 104,600 $ 71,700 Mariner, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 $ 515,000 $ 464,300 Revenue Expenses Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses Net income 245,000 240,000 115,400 109,900 4,500 45,500 1,500 41,200 410,400 392,600 5 104,600 $ 71,700
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