Manero Company included the following information in its annual report: 2019 2018 2017Sales $ 178,400 $ 162,500 $ 155,500 Cost of goods sold 115,000 102,500 100,000 Operating expenses 50,000 50,000 45,000 Operating income 13,400 10,000 10,500 In a trend income statement for 2017, where 2017 is the base year, sales are expressed as:Multiple Choice84.4%150.5%92.6%100.0%Hansel Corporation’s condensed balance sheets appear below:2019 2018 2017Assets: Current assets $ 55,000 $ 56,500 $ 70,000 Plant & equipment, net 495,000 410,000 440,000 Intangible assets, net 20,000 27,500 40,000 Total assets $ 570,000 $ 494,000 $ 550,000 Liabilities & Stockholders’ Equity: Current liabilities 40,000 $ 35,000 $ 32,500 Long-term liabilities 395,000 310,000 375,000 Stockholders’ equity 135,000 149,000 142,500 Total liabilities & equity $ 570,000 $ 494,000 $ 550,000 In a common size balance sheet for 2018, plant and equipment (net) is expressed as:Multiple Choice83.0%100.0%83.6%91.1%Manero Company included the following information in its annual report:2019 2018 2017Sales $ 178,400 $ 162,500 $ 155,500 Cost of goods sold 115,000 102,500 100,000 Operating expenses 50,000 50,000 45,000 Operating income 13,400 10,000 10,500 In a common-size income statement for 2017, the cost of goods sold is expressed as:Multiple Choice100.0%64.3%40.0%230.0%