Data for McClane Designs, Inc. follow: Click the icon to view the data.) Requirements 1. Prepare a comparative common-size income statement for McClane Designs, Inc. using the 2016 and 2015 data. Round percentages to one-tenth percent. 2. To an investor, how does 2016 compare with 2015? Explain your reasoning. Common-Size Income Statement Years Ended December 31, 2016 and 2015 2016 2015 % Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses % % % % % % Total Expenses % % Net Income % Enter any number in the edit fields and then click Check Answer. Data Table McClane Designs, Inc. Comparative Income Statement Years Ended December 31, 2016 and 2015 2016 2015 $ 428,950 $ 372,350 203,850 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses Net Income 100,000 6,750 190,000 91,050 6,000 287,050 85,300 310,600 $ 118,350 $ Print Done