Given Below Is the Income Statement of McMahon Company for the Year

Given below is the income statement of McMahon Company for the year ended December 31. $\begin{array}{ll}\text { Cost of goods sold } & \underline{\$ 72} \\\text { Gross profit } & \$ 614 \\\text { Less operating expenses } & \underline{436} \\\text { Operating inc ome } & \$ 178 \\\text { Less income tax expense } & \underline{66} \\\text { Net income } & \underline{\$ 112}\end{array}$ Required:
Prepare a common- size income statement.

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