Data for McClane Designs, Inc. follow: (Click the icon to view the data.) Read the resuirements, 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, X.X. Enter the percentages without the %. For example, enter 1.1% as 1.1.) McClane Designs, Inc. Data table Common-Size Income Statement Years Ended December 31, 2024 and 2023 2024% 2023 % McClane Designs, Inc. Net Sales Revenue % % Comparative Income Statement Expenses: Years Ended December 31, 2024 and 2023 Cost of Goods Sold % 02 % 2024 2023 Selling and Administrative Expenses % % Net Sales Revenue $ 429,000 $ 372,000 Other Expenses % % Expenses Total Expenses % Cost of Goods Sold 200,250 186,250 Net Income % % Selling and Administrative Expenses 97,000 95,350 Other Expenses 9,150 5,750 -X 306,400 287,350 Requirements Total Expenses $ 122,600 $ 84,650 Net Income 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