Prepare a common-size income statement.

E12-19A. (Learning Objective 3: Prepare a common-size income statement) Prepare a comparative common-size income statement for Norman Music Co., using the 2018 and 2017 data of E12-16A and rounding to four decimal places. A1 Norman Music Co. Comparative Income Statements Years Ended December 31, 2018 and 2017 2018 2017 2 Total revenue 4 Expenses: 5 Cost of goods sold 6 Selling and general expenses 7 Interest expense 8 Income tax expense 9 Total expenses 10 Net income $ 1,080,000 $ 919,000 479,000 5 400,450 289,000 260,000 14,500 86,850