The Arlington Company Wishes to Compare Its Performance with Industry

The Arlington Company wishes to compare its performance with industry averages. Please refer to the data below:
$$\begin{array} { | l | r | r | } \hline & \text { Arlington Co. } & { \text { Industry } } \\\hline \text { Revenues } & \$ 8,000 & \$ 98,000 \\ \hline \text { Cost of goods sold } & \$ 3,500 & \$ 38,900 \\\hline \text { Gross Profit } & \$ 4,500 & \$ 59,100 \\\hline\text { Operating expenses: }\\\hline \text { Operating expenses: } & \$ 1,450 &\$21,000 \\\hline \text { Sales and marketing expense } & \$ 960 & \$13,900 \\\hline \text { General and administrative expense } & \$ 330 & \$ 3,880 \\\hline \text { Research and development expense } & \$ 2,740 & \$ 38,780 \\\hline \text { Total operating expenses } & &\\\hline \text { Income before income tax } & \$ 1,760 & \$ 20,320 \\\hline \text { Income tax expense } & \$ 350 &\$4,100 \\\hline \text { Net income(loss) } &\$ 1,410 & \$ 16,100\\\hline\end{array}$$
Please prepare common-sized income statement using the format below. (Round all amounts to the nearest tenth of a percent.)
$$\begin{array} { | l | l | l | } \hline & \text { Arlington Co. } & \text { Bardo Co. } \\\hline \text { Revenues } & & \\\hline \text { Cost of revenues } & & \\\hline \text { Gross Profit } & & \\\hline \text { Operating expenses: } & & \\\hline \text { Sales and marketing expense } & & \\\hline \text { General and administrative expense } & & \\\hline \text { Research and development expense } & & \\\hline \text { Total operating expenses } & & \\\hline & & \\\hline \text { Income before income tax } & & \\\hline \text { Income tax expense } & & \\\hline \text { Net income(loss) } & & \\\hline\end{array}$$