i Data Table Variline Designs, Inc. Comparative Income Statement Years Ended December 31, 2016 and 2015 2016 2015 Net Sales Revenue $ 429,750 $ 373,450 Expenses: Cost of Goods Sold 200,000 188,750 Selling and Administrative Expenses 100,000 93,000 Other Expenses 5,450 3,250 Total Expenses 305,450 285,000 124,300 $ 88,450 Net Income Print Done Data for Variline Designs, Inc. follow: E: (Click the icon to view the data.) Requirements 1. Prepare a comparative common-size income statement for Variline Designs, Inc. using the 2016 and 2015 data. Round percentages to one-tenth percent. 2. To an investor, how does 2016 compare with 2015? Explain your reasoning. Common-Size Income Statement Years Ended December 31, 2016 and 2015 2016 2015 Net Sales Revenue % % % % Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses % % % % % % Net Income % %