Prepare a comparative common-size income statement for Charmed Corporation. To an investor, how does 2017 compare with 2016? Explain your reasoning. ?(Click the icon to view the comparative income statement.) Start by calculating the percentages. (Round the percentages to two decimal places, Xxx.) Comparative Common-Size Income Statement For the Years Ended December 31, 2017 and 2016 2017 2016 100.00 % Sales revenues Less: Cost of goods sold Gross proft Less: Operating expenses Operating income Less: Interest expense Income before income taxes Less: Income tax expense Net income Now you are ready to compare the two years. An investor would be general expenses Overall, profits are 100.00 % , ? | with 2017 in comparison with 2016. Net sales and net income are both | ?| significantly from 2016, Cost of goods sold and selling and the two largest expenses ? | percentages of total revenues in 2017, and net income represents a ?| percentage of revenues. Data Table Income Statement For the Years Ended December 31, 2017 and 2016 (amounts in thousands) 2017 2016 Sales revenues $ 426,411S 371,600 Less: Cost of goods sold180,761 166,600 Gross proft Less: Operating expenses Operating income $ 245,650 $ 205,000 95,020 $ 145,400 $ 109,980 7,025 100,250 10,150 Less: Interest expense Income before income $ 135,250 $ 102,955 38,210 29,990 $ 97,040 $2,965 Less: Income tax expense Net income Print Done