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 2024 and 2023 data. Round percentages to one-tenth percent. (Round the percentages to one-tenth percent, XX. Enter the percentages without the %. For example, enter 1.1% as 1.1.) McClane Designs, Inc. Common-Size Income Statement Years Ended December 31, 2024 and 2023 2024% 2023 % 100 % 100 % % % Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses % % % % % % Net Income % % x Requirements 1. Prepare a comparative common-size income statement for McClane Designs, Inc. using the 2024 and 2023 data. Round percentages to one-tenth percent. 2. To an investor, how does 2024 compare with 2023? Explain your reasoning. Print Done T X Data Table McClane Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 $ 432,550 $ 373,450 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 203,000 96,000 9,150 186,250 91,000 2,000 308,150 279,250 $ 124,400 $ 94,200 Net Income Print Done