Data for McClane Designs, Inc. follow: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare a comparative common-size income statement for McClane Designs, Inc. using the 2018 and 2017 data. Round percentages to one-tenth percent. (Round the percentages to one-tenth percent, X.X%.) McClane Designs, Inc. Common-Size Income Statement Years Ended December 31, 2018 and 2017 2018 % 2017 % Net Sales Revenue % % Expenses: Cost of Goods Sold % % Selling and Administrative Expenses % % Other Expenses % % Total Expenses % % Net Income % % Requirement 2. To an investor, how does 2018 compare with 2017? Explain your reasoning. An investor would be with 2018 in comparison with 2017. Cost of goods sold and selling and general expensesthe two largest expenses-consumed percentages of net revenue in 2018 and net income represents a percentage of revenues. Overall, profits are Enter any number in the edit fields and then continue to the next question. Data for McClane Designs, Inc. follow: (Click the icon to view the data.) Read the reaicamente Data Table Requireme Round perd Inc. using the 2018 and 2017 data. McClane Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 Net Sales 2018 2017 Expenses: Net Sales Revenue $ 432,550 $ 375,000 Cost Expenses: Sellin Cost of Goods Sold 202,000 188,000 Other Selling and Administrative Expenses 93,000 99,350 9,150 Total Other Expenses 2,500 283,500 Net Income 310,500 Total Expenses $ 122,050 $ 91,500 Requireme Net Income An investor selling and general expenses- Print Done 8 and net income represents a Enter any number in the edit fields and then continue to the next