Question: Sundahl Company's income statements for the past two years are as follows:
![2381_Sundahl Company.png](https://secure.tutorsglobe.com/CMSImages/2381_Sundahl Company.png)
Vertical Analysis Refer to the information for Sundahl Company above. Required:
1. Prepare a common-size income statement for Year 1 by expressing each line item as a percentage of sales revenue.
2. Prepare a common-size income statement for Year 2 by expressing each line item as a percentage of sales revenue.