Common-Sized Income Statement Revenue and expense data for the current calendar year for Dawg Electronics Company and for the electronics industry are as follows. Dawg Electronics Company data are expressed in dollars. The electronics Industry averages are expressed in percentages. Dawg Electronics Electronics Industry Company Average Sales $2,080,000 100 % Cost of goods sold (1,331,200) (68) Gross profit $748,800 32 % Selling expenses $(436,800) (13) % Administrative expenses (166,400) (13) Total operating expenses $(603,200) (26) % Operating income $145,600 Other revenue and expense: Other revenue 41,600 Other expense (20,800) (3) 696 4 Income before income tax $166,400 79 Income tax expense (62.400) (3) . Common-Sized Income Statement Revenue and expense data for the current calendar year for Dawg Electronics Company and for the electronics industry are as follows. Dawg Electronics Company data are expressed in dollars. The electronics Industry averages are expressed in percentages. Dawg Electronics Electronics Industry Company Average Sales $2,080,000 100 % Cost of goods sold (1,331,200) (68) Gross profit $748,800 32 % Selling expenses $(436,800) (13) % Administrative expenses (166,400) (13) Total operating expenses $(603,200) (26) % Operating income $145,600 Other revenue and expense: Other revenue 41,600 Other expense (20,800) (3) 696 4 Income before income tax $166,400 79 Income tax expense (62.400) (3)