Question: what is the missing percentage? (Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information, (Click on the

what is the missing percentage?  what is the missing percentage? (Preparing an income statement) Prepare an
income statement and a common-sized income statement from the following information, (Click
on the following icon in order to copy its contents into a

(Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information, (Click on the following icon in order to copy its contents into a spreadsheet.) Sales $525,000 Cost of goods sold 200,000 General and administrative expense 62,000 Depreciation expense 8,000 Interest expense 12,000 Income taxes 97,200 Complete the income statement below. (Round to the nearest dollar. NOTE: You may input expense accounts as negative values.) 525,000 200,000 325,000 Income Statement Sales Cost of goods sold Gross profits General and administrative expenses Depreciation expense Total operating expenses Operating income (EBIT) 62,000 8,000 70,000 255,000 12,000 243,000 Interest expense $ Earnings before taxes Inrnma tavan 97.200 Income Statement Sales $ 525,000 200,000 Cost of goods sold $ 325,000 Gross profits General and administrative expense $ 62,000 Depreciation expense 8,000 $ 70,000 $ 255,000 Total operating expenses Operating income (EBIT) Interest expense Earnings before taxes Income taxes 12,000 243,000 97,200 145,800 Net income Common-sized Income Statement Sales $ 525,000 100.0 % 200,000 38.1 Cost of goods sold Gross profits General and administrative expense $ $ 325,000 61.9 % 62,000 11.8 % 8,000 1.5 $ 70,000 % Depreciation expense Total operating expenses Operating income (EBIT) Interest expense Earnings before taxes $ 255,000 48.6 % 12,000 2.3 243,000 46.3 % Income taxes 97,200 18.5 145,800 27.8 % Net income

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