Data for Martin Corp Prepare a Comparative Common-Size Income Statement for Each Company for Martin}}&\underline{\text

question 84

Essay

Data for Martin Corp. and Tante, Inc. follow:
$\begin{array}{lll}&\underline{\text { Martin}}&\underline{\text { Tante}}\\\text { Net Sales } & \$ 25,000 & \$ 32,500 \\\text { Cost of Goods Sold } & 18,500 & 22,360 \\\text { Other Expenses } & 2,150 & 5,000 \\\text { Net Income } & \$ 4,350 & \$ 5,140\end{array}$ Prepare a comparative common-size income statement for each company for the year ending December 31, 2019. Round to two decimal places. Use a multi-step format for the income statement.

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