Question: need help asap!! please & thank you!! 3. The comparative income statement of O'Neil Music Co. for the years ended December 31, 2018 and 2017
3. The comparative income statement of O'Neil Music Co. for the years ended December 31, 2018 and 2017 is as follows: Click the icon to view the comparative income statement.) Requirement 1. Prepare a comparative common-size income statement for O'Neil Music Co. (Round your answers to cne-hundredth of a percent, XXX%.) 2017 % % % % % % % % % % O'Neil Music Co. Comparative Common-Size Income Statements Years Ended December 31, 2018 and 2017 2018 Total revenue Expenses: Cost of goods sold Selling and general expenses Interest expense Income tax expense % Total expenses Net income 3: Data Table O'Neil Music Co. Comparative Income Statements Years Ended December 31, 2018 and 2017 2018 Total revenue $ 836,000 $ Expenses: Cost of goods sold 408,000 $ Selling and general expenses 238,000 Interest expense 9.500 79.000 Income tax expense 734,500 Total expenses $ 101.500 $ Net income 2017 938.000 409,350 261.000 14,000 85.750 770,100 167,900
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