Analysis 1. HEMI's Accountant asks you to evaluate HEMI's 2022 financial performance against Wajax using common-size Statements of Income. This request requires you to provide common-size statements and provide a written analysis of what the common-size statements indicate in terms of financial performance. You may use Excel to create common-size Statements of Income and paste your Excel table back into this MS Word document (do not link your Excel file). You are provided with the following HEMI's Statement of Income for the year ended October 31, 2022, and wajax's Statement of Income for the year ended December 31,2022 ((7 marks) HEMI (in thousands of dollars, except per share data) Revenues Cost of sales Gross profit $744,131 571,000 173,131 Selling and administrative expenses 104,167 Earnings before finance costs and 68,964 Income taxes Financing costs 21,079 Earnings before income taxes 47,885 Income tax expense 25,000 Net Income $22,885 $2.95 Earnings per Share Wajax Statement of Income 7| Page