Question: complete the common size income statement for big box outlet using the information below Gross sales 1,089,836 Sales Returns & Allowances 59,737 Net Sales 1,030,099

complete the common size income statement for big box outlet using the information below

Gross sales 1,089,836

Sales Returns & Allowances 59,737

Net Sales 1,030,099

Cost of goods sold 609,026

Gross Profit 421,073

Rent Expense 109,275

Depreciation Expense 7,285

Salaries Expense 123,845

Utility Expense 36,425

Operating Income 144,243

Interest Expense 1,457

Income Tax Expense 20,398

Net Income 122,388

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