Using the Income Statement Below,develop a Common-Size Statement by Filling

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

$\begin{array}{|lrr|}\hline & { \mathbf { 2 0 x \mathbf { x } } } &\mathbf { 2 0 x \mathbf { x } } \\\\\text { Net sales } & \$ 780,000&\underline{\quad\quad} \\\text { Cost of goods sold } & 452,400 \\\text { Gross margin } & \$ 327,600 &\underline{\quad\quad}\\\text { Operating expenses } & 156,000&\underline{\quad\quad} \\\text { Income before income taxes } & \$ 171,600 \\\text { Income taxes expense } & \underline{124,800}&\underline{\quad\quad} \\\text { Net income } & \$ 46,800&\underline{\quad\quad} \\\hline\end{array}$