Data for Micatin Designs, Inc. follow: B: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare a comparative common-size income statement for Micatin Designs, Inc. using the 2018 and 20 Micatin Designs, Inc. Common-Size Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue Expenses Cost of Goods Sold 90 Selling and Administrative Expenses 90 Other Expenses DO Total Expenses 9 Enter any number in the edit fields and then continue to the next question. atement for Micatin Designs, Inc. using the 2018 and 2017 data. Round percentages to one-tenth percent.( 2017 D% next question. 6/17/2020 Pri De Micatin Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 P. 2017 $ Net Sales Revenue 373,750 429,000 $ Expenses: Cost of Goods Sold 204,950 189,000 98,650 92,550 Selling and Administrative Expenses 6,000 5.000 Other Expenses 309,600 286,550 Total Expenses $ 119,400 $ 87,200 Net Income 2 (Click the icon to view the data.) Read the requirements. Net Sales Revenue 07 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 sellin percentage of revenues. Overall, profits are represents a Enter any number in the edit fields and then continue to the next question. Selling and AMIN WO Other Expenses % % Total Expenses % Net Income % Requirement 2. To an investor, how does 2018 compare with 2017? Explain you An investor would be M. with 2018 in comparison with 2017. Cost of represents a ies. Overall, profits are pleased Enter any number in 1 disappointed en continue to the next