Clearview Company and Jones 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, X.X%. Do not enter the % symbol in any of the input fields.) (In millions) Clearview Jones Amount Percent Amount Percent $ 13,000 % $ 10,500 Net sales % Data table 7,631 6,888 Cost of goods sold Selling and administrative expenses 3,640 % 2,142 (In millions) Clearview Jones Interest expense 26 % 42 % $ 13,000 $ 10,500 Other expenses 52 % 21 % 572 378 7,631 6,888 Income tax expense % % $ 1,079 $ 1,029 Net sales Cost of goods sold Selling and administrative expenses Interest expense Other expenses 2,142 3,640 Net income % % 26 42 52 21 572 378 Income tax expense $ 1,079 $ 1,029 Net income