Common-size statement analysis A common-size income statement for Creek Enterprises' 2018 operations follows . Using the firm's 2019 income statement develop the 2019 common-size income statement and compare it to the 2018 statement. Which areas require further analysis and investigation? Complete the common-size income statement for the year ending December 31, 2019 and compare it to the common-size income statement for the year ending December 2018: (Round to one decimal place.) Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes (rate =40% ) Net profits after taxes Less: Preferred stock dividends Eamings available for common stockholders Creek Enterprises Income Statement for the Year Ended December 31, 2019 \begin{tabular}{lr} \hline Sales revenue & $30,007,000 \\ Less: Cost of goods sold & 20,960,000 \\ Gross profits & $9,047,000 \end{tabular} Less: Operating expenses \begin{tabular}{lrr} Selling expense & $2,964,000 & \\ General and administrative expenses & 1,777,000 & \\ Lease expense & 177,000 & \\ Depreciation expense & 993,000 & \\ Total operating expense & $,911,000 \\ \cline { 2 - 3 } Oerating profits & $3,136,000 \\ ess: Interest expense & & $2,038,000 \\ Net profits before taxes & 839,000 \\ Less: Taxes (rate =40% ) & $1,258,800 \\ Net profits after taxes & 133,000 \\ Less: Preferred stock dividends & $1,125,800 \\ Earnings available for common stockholders \end{tabular} Creek Entarnrieoe Innnmn