At the end of 2018 the following information is available for Billings and Phoneix companies: Sales Cost of goods sold Operating expenses Total assets Stockholders' equity Billings $1,682,400 681,200 254,600 1,340, eee 370, eee Phoneix $1,220,209 765,298 322,800 1,280,899 380,000 Required .. Prepare common size income statements for each company. b. One company is a high-end retailer, and the other operates a discount store. Which is the discounter? Complete this question by entering your answers in the tabs below. Required A Required B Prepare common size income statements for each company. (Round your percentage answers to 1 decimal place.) BILLINGS AND PHONEIX COMPANIES Common Size Income Statements For the Year Ended 2018 Billings Phoneix % 0 s 0 0.0 S 0 0.0 At the end of 2018 the following information is available for Billings and Phoneix companies: Sales Cost of goods sold Operating expenses Total assets Stockholders' equity Billings $1,002,4ee 681,280 254,6ee 1,340, eee 370, eee Phoneix $1,220,209 765,200 322,899 1,280,899 380,000 Required o. Prepare common size income statements for each company. b. One company is a high-end retailer, and the other operates a discount store. Which is the discounter? Complete this question by entering your answers in the tabs below. Required A Required B One company is a high-end retailer, and the other operates a discount store. Which is the discounter? Which is the discounter?