Data table Muscateer Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 $ 428,000 $ 373,450 Net Sales Revenue Expenses: Cost of Goods Sold 202,000 188,000 Selling and Administrative Expenses 96,550 95,350 6,000 2,150 Other Expenses 304,550 285,500 Total Expenses $ 123,450 $ 87,950 Net Income Requirements 1. Prepare a comparative common-size income statement for Muscateer 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. Data for Muscaleer Designs, Inc. follow Click the loon to view the data) Read the requirements Requirement 1: Prepare a comparative common-size income statement for Muscateer 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% 1.1.3 Muscateer Designs, Inc. Common-Size Income Statement Years Ended December 31, 2024 and 2023 Net Sales Revenue Cost of Goods Sold 2024% 2023% Selling and Administrative Expenses Other Expenses Total Expenses Net Income Requirement 2. To an investor, how does 2004 compare with 2003? Explain your reasoning An investor would b win 2004 in companson with 2023. Cost of goods sold and seling and g percentages of net revenue in 2024 and net income percentage of revenues Overst, profits are