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, X.X. without the %. For example, enter 1.1% as 1.1.) Mill 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 % 100.0 100.0 % % % % % % olo olo olo olo % % % % % % Mill Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 432,550 $ 374,000 Net Sales Revenue Expenses: Cost of Goods Sold 204,950 185,000 Selling and Administrative Expenses 100,000 94,000 6,000 5,750 Other Expenses 310,950 284,750 Total Expenses $ 121,600 $ 89,250 Net Income Print Done 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