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19. In columns H and I, calculate the common-size income statements and balance sheets for...

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19. In columns H and I, calculate the common-size income statements and balance sheets for Wayfair Inc. for 2018 and 2019. Wayfair Inc. Historical Income Statements Wayfair Inc. Common-Size Income Statements 2018 2019 2018 2019 6,779,174 S 5,192,451 S 1,586,723 9.127,057 6,979,725 2,147,332 260,046 774,189 $ $ 356,727 1,095,840 Net revenues Cost of goods sold $ Gross profit Operating expenses: Customer service and merchant fees $ Advertising $ Selling, operations, technology, general and administrative $ Total operating expenses Loss from operations Interest (expense) income, net $ Other income (expense), net $ Loss before income taxes Provision for income taxes, net $ Net loss s 1,624,706 3,077,273 . (929,941) 1,025,767 $ 2,060,002 (473,279) (28,560) $ (204) $ (502,043) 2,037 $ (504,080) (54,514) 2,881 (981,574) 3,010

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