Prepare a comparative common-size income statement for Spelbound Corporation. To an investor how does 2017 compare with 2016? Explain your reasoning. Click the icon to view the comparative income statement) Spellbound Corporation Comparative Common Size Income Statement For the Years Ended December 31, 2017 and 2016 2017 2016 Sales tevens 100.00% 100.00 % Less Cost of goods sold 90 Gross profil % Low Operating expenses % 1 Operating income Less Intecost expense Income before income taxes X Lucome tax coxpono Not income Enter my number in the edities and then con to the next question 100.00 % 100,00 Cost of goods sold ss proft Operating expensas rating income Interest experte come before income taxes Income tax expense Het income low you are ready to compare the two years An investor would be with 2017 in comparison with 2016. Not sales and not income are both sity from 2016 Cost of gende onderdele consumed percentages of total revenues in 2017 and become representa price of Owraprots Enter any number in the edit folds and then continue to the next question 8 of 9 (4 complete) Data Table Corporation to and decimal places. XX 015 10000 For the Yeurs Ended December 31, 2017 and 2016 famounts in thousands) 2017 2016 Sales revenues 5 4820005 420.000 227 220 210 000 Les Cost of goods sold Gicos pro $ 2547805 210.000 Le Operating expenses 95250 90.050 Operating $ 1595313 119.950 Less to 6460 6.000 come before $ 153 OTOS 113930 Lop 1625 133 CASS 1650 Paint Done