(Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information. Sales $525,958 Cost of goods sold 199,257 General and administrative expense 61,809 Depreciation expense 8,709 Interest expense 11,753 Income taxes 97,772 (Click on the icon located on the top-right comer of the data table above in order to copy its contents into a spreadsheet.) Complete the common-sized income statement below. (Round to one decimal place. NOTE: You may input expense accounts as negative values.) Common-sized Income Statement Sales 525,958 % Cost of goods sold 199,257 Gross profits 326,701 % General and administrative expense $ 61,809 % Depreciation expense 8,709 Total operating expenses 70,518 % Operating income (EBIT) 256,183 % Interest expense 11,753 Earnings before taxes 244,430 % Income taxes 97,772 Net income 146,658 % $ $ $ (Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information. Sales $525,958 Cost of goods sold 199,257 General and administrative expense 61,809 Depreciation expense 8,709 Interest expense 11,753 Income taxes 97,772 (Click on the icon located on the top-right comer of the data table above in order to copy its contents into a spreadsheet.) Complete the common-sized income statement below. (Round to one decimal place. NOTE: You may input expense accounts as negative values.) Common-sized Income Statement Sales 525,958 % Cost of goods sold 199,257 Gross profits 326,701 % General and administrative expense $ 61,809 % Depreciation expense 8,709 Total operating expenses 70,518 % Operating income (EBIT) 256,183 % Interest expense 11,753 Earnings before taxes 244,430 % Income taxes 97,772 Net income 146,658 % $ $ $