creat a common size income statement using the masters financial statements

Masters Company Income Statement For the Year Ended, December 31, 2019 $2,291,000 $1.655.000 $636,000 Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Selling Expense General and Admin Expense Depreciation Expense Total Operating Expenses Net Operating Income (EBIT) Interest Expense Earnings Before Taxes Taxes (@40%) Net Income $196,000 $131.000 $90.000 S417.000 S219.000 S49,000 $170.000 S68.000 S102.000 Masters Company Balance Sheet For the Years Ended, December 31, 2018 and 2019 Assets Cash Accounts Receivable Inventory Total Current Assets Gross Plant and Equipment Accumulated Depreciation Net Plant and Equipment Total Assets 2018 107.000 270,000 330,000 707.000 2019 140,000 294,000 327.000 761,000 1,495,000 (460,000) 1.668,000 (550.000) 1.035.000 $1.742.000 1.118,000 $1.879,000 Liabilities and Equity Accounts Payable Accruals Notes Payable Total Current Liabilities Lonelerm Debt Tolal Liabilities Common Stock - Par Value Paid-In-Capital In Excess of Par Retained Eamings Total liabilities and Equity $197.000 553,000 S205,000 5455.000 $500,000 S1.015.000 $30,000 S350.000 $347.000 ST.742.000 S213,000 $50.000 $223.000 $486.000 S623,000 S1.109,000 $30,000 S350.000 $390.000 S1.879.000