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Financial Accounting Page 1 Exercise 3 Prepare a common-size income statement Prepare a comparative common-size income statement for Connor Music Co., using the 2019 and 2018 data of Exercise 13-16A and rounding to four decimal places. The data is repeated below for your convenience. Connor Music Co. Comparative Income Statement Years Ended December 31, 2019 and 2018 C019 2018 Total revenue 2$ 836,000 $ 938,000 Expenses: Cost of goods sold Selling and general expenses 2$ 408,000 $ 409,350 238,000 263,000 Interest expense 9,500 14,000 Income tax expense 79,000 734,500 85,750 772,100 165,900 Total expenses Net income 2$ 101,500 $ Test Your Knowledge Exercise 3 Instructions: Complete the analysis below. Test Your Knowledge Page 2 Exercise 3 Instructions: Complete the analysis below. Connor Music Co. Comparative Common-Size Income Statement Years Ended December 31, 2019 and 2018 2019 2018 Total revenue.. Expenses: Cost of goods sold. Selling and general expenses. ..... Interest expense... ........ Income tax expense.. Total expenses. ....... Net income