Sequence the steps involved in preparing common-size statements:
(1) Choose a common base (e.g., total assets or revenue from operations) as 100.
(2) List out absolute figures for the items.
(3) Work out the percentage of each item to the common base total.
1
(1), (2), (3)
2
(2), (1), (3)
3
(3), (1), (2)
4
(1), (3), (2)