Data for Muscateer Designs, Inc. follow: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare a comparative common-size income statement for Muscateer Designs, Inc. using the 2018 and 2017 data. Round percentages to one-tenth percent. (Round the percentages to one-tenth percent, X.X%.) Requirements Data Table Muscateer Designs, Inc. Common-Size Income Statement Years Ended December 31, 2018 and 2017 2018 % 2017 % % Net Sales Revenue Expenses: Cost of Goods Sold 1. Prepare a comparative common-size income statement for Muscateer Designs, Inc. using the 2018 and 2017 data. Round percentages to one-tenth percent. 2. To an investor, how does 2018 compare with 2017? Explain your reasoning. Muscateer Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 % 2017 % % Print Done Net Sales Revenue $ 430,000 $ 373,750 Selling and Administrative Expenses Other Expenses Total Expenses % % Expenses: % Cost of Goods Sold 203,000 185,000 Net Income % Selling and Administrative Expenses 100,000 7,450 92,550 5,750 Other Expenses 310,450 283,300 Total Expenses $ 119,550 $ 90,450 Net Income Print Done Enter any number in the edit fields and then click Check Answer. part remaining Clear All