Clearview Company and Joanna Corporation are competitors. (Click the icon to view the income statements.) Compare the two companies by converting their condensed income statements to common-size statements. Which company earned more net income? Which company's net income was a higher percentage of its net sales? Explain your answer. Begin by converting the condensed income statements to common size. (Round your answers to the nearest one-tenth of a percent, XX%. Do not enter the % symbol in any of the input fields.) (In millions) Clearview Joanna Amount Percent Amount Percent Data table $ 18,500 9,500 Net sales % % Cost of goods sold Selling and administrative expenses Interest expense 10,989 6,270 (In millions) Clearview Joanna 5,069 % 1,938 % 18,500 $ 9,500 Net sales 148 % 57 % Cost of goods sold 10,989 6,270 Other expenses 93 % 76 % Selling and administrative expenses 5,069 1,938 666 190 Income tax expense % % Interest expense 148 57 $ 1,535 969 Net income % Other expenses 93 76 666 190 Income tax expense 1,535 $ 969 Net income