please answer all requirements with clear notes so i am able to understand

please answer all requirements with clear notes so i am able to understand

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 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.) Muscateer Designs, Inc. Common-Size Income Statement Requirements Years Ended December 31, 2024 and 2023 2024% 2023 % Net Sales Revenue % % Expenses: 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 Cost of Goods Sold % % Selling and Administrative Expenses % Other Expenses % % Data Table Total Expenses % % Net Income % Muscateer Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 Net Sales Revenue $ 428,000 $ 372,000 Expenses: Cost of Goods Sold 200,250 189,000 Selling and Administrative Expenses 100,250 94,000 8,350 5,000 Other Expenses 308,850 288,000 Total Expenses $ 119,150 $ 84,000 Net Income Print Done