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Clearview Company and Louanna Corporation are competitors. (Click the icon to view the income statements.) Compare the two companies by converting their condensed income statements to common-size statements. Which company eamed more net income? Which company's net income was a higher percentage of its net sales? Explain your answer. Begin by converting the condensed income statements to common size. (Round your answers to the nearest one-tenth of a percent, X.X%.) (In millions) Clearview Louanna i Data Table Amount Percent Amount Percent $ 15,500 % $ 6.500 Net sales % Cost of goods sold 9,083 4.329 % (In millions) Selling and administrative expenses 4,2471 96 741 % Net sales Interest expense 31 39 Cost of goods sold Other expenses 75 % 52 % Selling and administrative expenses Income tax expense 713 % 208 % Interest expense $ 1,348 $ 1,131 Net Income %6 % Other expenses Clearview Louanna S 15,500 S 6,500 9,083 4,329 741 4,247 31 39 52 7 713 208 Income tax expense S 1,348 S 1,131 Net income Print Done HARMO RO Coorvergrendeli Whorshor L Chow A. 1 A Cof telling and to Om C 4241 DO L BADOO 30 34 Centre WE 52 20 1 WEB 16 ME 3 7 23 14 51 201 INTER 1 Dune