Using the income statement below, develop a common-size statement by filling in the blanks provided. Show your work. Round to one decimal place.

	20xx	20xx
Net sales	$200,000	_________
Cost of goods sold	116,000	_________
Gross margin	$ 84,000	_________
Operating expenses	46,000	_________
Income before income taxes	$ 38,000	_________
Income taxes expense	15,200	_________
Net income	$ 22,800	_________