Common-Size Income Statements and Horizontal Analysis Income statements for Mariners Corp. for the past two years are as follows: Sales revenue Cost of goods sold Gross profit Selling and administrative expense Operating income Interest expense Income before tax Income tax expense Net Income (amounts in thousands of dollars) 2017 2016 $60,490 $49,610 42,320 30,010 $18,170 $19,600 8,620 5,480 $9,550 $14,120 1,820 1,820 $7,730 $12,300 1,710 3,770 $6,020 $8,530 Required: 1. Using the format in Example 13-5, prepare common-size comparative Income statements for the two years for Mariners Corp. Rou point. Mariners Corp. Common-Size Comparative Income Statements For The Years Ended December 31, 2017 And 2016 (In Thousands of Dollars) 2017 Dollars 2016 Dollars 2016 Percent 2017 Percent Sales revenue % % Cost of goods sold Tricoteroreta Income tax expense Net Income 7730 1,710 $6,020 1200 3,770 $8,530 Required: 1. Using the format in Example 13-5, prepare common-size comparative income statements for the two years for Mariners Corp. Round percentages to one decimal point Mariners Corp. Common-Size Comparative Income Statements For The Years Ended December 31, 2017 And 2016 (In Thousands of Dollars) 2017 Dollars 2017 Percent 2016 Dollars 2016 Percent Sales revenue % % Cout of goods sold Gross profit % % Selling and administrative expense Operating income Interest expense Income before tax Income tax expense Net income CMW 3. Using the format in Example 13-2, prepare comparative income statements for Mariners Corp., including columns for the dollars and for the percentage increase or decrease in each item on the statement. Round all percentages to the nearest whole percent. If an answer is zero, entero" Mariners Corp. Comparative Statements of Income For The Years Ended December 31, 2017 And 2016 December 31, 2017 December 31, 2016 Increase/Decrease Dollars Increase/Decrease (Percent) Sales revenue Cost of goods sold Gross profit Selling and administrative expense Operating income Interest expense Income before tax Income tax expense Net Income Prepare in correct form, comparative Income statements, including columns for the dollars and for the percentage increase or decrease in each item on the statement