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

$$

$$

$2009$

$2009$

$$

$$

$$

Net sales

$$780,000$

$\_\_\_\_\_\_\_\_\_$

Cost of goods sold

$452,400$

$\_\_\_\_\_\_\_\_\_$

Gross margin

$$327,600$

$\_\_\_\_\_\_\_\_\_$

Operating expenses

$156,000$

$\_\_\_\_\_\_\_\_\_$

Income before income taxes

$$171,600$

$\_\_\_\_\_\_\_\_\_$

Income taxes expense

$124,800$

$\_\_\_\_\_\_\_\_\_$

Net income

$$46,800$

$\_$