Data for McCormick Designs, Inc. follow: (Click the icon to view the data.) Read the requirements Requirement 1. Prepare a comparative common-size income statement for McCormick 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.) McCormick Designs, Inc. Common-Size Income Statement Years Ended December 31, 2024 and 2023 Net Sales Revenue Expenses Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses Net Income 2024% 2023% Data table McCormick Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 Net Sales Revenue $ 430,000 $ 374,000 Expenses: Cost of Goods Sold 202,650 189,000 Selling and Administrative Expenses 100,050 95,000 7,000 2,150 Other Expenses 309,700 286,150 Total Expenses $ 120,300 $ 87,850 Net Income Print Done - Requirements 1. Prepare a comparative common-size income statement for McCormick 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.