Question: Complete the common-size income statement for Big Box Outlet using the information below: Common-size Income Statement of Big Box Outlet. Gross sales are $1,089,836. Sales

Complete the common-size income statement for Big Box Outlet using the information below: Common-size Income Statement of Big Box Outlet. Gross sales are $1,089,836. Sales returns and allowances are $59,737. Net sales are $1,030,099. Cost of goods sold is $609,026. Gross profit is $421,073. Rent expense is $109,275. Depreciation expense is $7,285. Salaries expense is $123,845. Utility expense is $36,425. Operating income is $144,243. Interest expense is $1,457. Income tax expense is $20,398. Net income is $122,388

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