Prepare a Common size Income Statement from the following Income Statement. Trading and profit and loss account as at 31st December 2009 and 2010 Particulars 2009 2010 Particulars 2009 2010 $ $ $ $ Cost of Goods Sold 2,70,000 3,75,000 By Net Sales 4,50,000 3,50,000 11 'TO Gross Profit 4,50,000 3,50,000 To Salaries 30,000 25,000 To Administrative Expenses To Advertisement To 'NetProfit 30,000 25,000 30,000 25,000 3,50,000 13,000 1,500 1,000 9,500 25,000 2,50,000 12,000 1,000 5,000 12,000 30,000 By Gross Profit