Question 1: Please use Common size (vertical analysis) to analyze a company financial situation. Percentage Income Statement Date for Paul's Guitar Shop Inc. Using Common Size Revenue Merchandise sales $24,800 Other Income 3,000 Total Revenues $27,800 10,200 2,000 750 Expenses Office supplies Depreciation expenses Wage expense Rent expense Interest expense Supplies expense Utilities Total Expenses Net Profit 500 500 500 400 14,850 $12,950 Interpretation of your analysis on Income statement by using Common Size