Data for Mill Designs, Inc. follow. (Click the icon to view the data.) Read the requirements Requirement 1. Prepare a comparative common-size income statement for Mill 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.) Mill Designs, Inc. Common-Size Income Statement Years Ended December 31, 2024 and 2023 2024 % 2023% 100.0 100.0 % % Net Sales Revenue Expenses: Cost of Goods Sold 46% 50% Selling and Administrative Expenses 23% 25.0 % 2 % % Other Expenses 71% 76 Total Expenses 29 24 % Net Income (C ) (6 2 i Data Table Mill Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 Net Sales Revenue 2024 2023 $ 431,500 $ 375,750 Expenses: Cost of Goods Sold 200,250 186,250 Selling and Administrative Expenses 100,000 94,000 7,450 6,850 Other Expenses 307,700 287,100 Total Expenses 123,800 $ 88,650 Net Income Print Done X Requirements -> 1. Prepare a comparative common-size income statement for Mill 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