Que Problem 18-3B (similar to) Top managers of Riddell Windows Inc, a specialty fabricating company have asked for your help in comparing the company's profit performance and financial position with the average for the window making indust apuntant has given you the company's income statement and balance sheet, and also the average data for the industry (amounts in milions) Check the icon to view the income statement.) Click the icon to view the balance sheet.) Required Requirement 1. Prepare a two-colum common size income statement and a two-colum common-size balance sheet for Riddel Windows Inc. The first column of each statement should present Riddell Windows size statement, and the second column should show the industry averages Begin by completing the common-size income statement for Riddell Windows Inc (Round all amounts to one decimal place. In order to avoid rounding issues, complete each line individually. The total of ot add up to 1000 i Income statement - X Da In Riddell Windows Inc. tel Income Statement For the Year Ended December 31, 2020 ay ach dell Riddell Windows tom Industry Average Inc. Net sales $ Hus 33.5 21.0 100.0% 65.9 20 Cost of goods sold Gross margin Operating expenses Operating income nd] 12.5 9.6 34.1 28.1 6.0 2.9 0.6 Other expenses 0.4 $ Net income 2.3 5.6% vel Print Done i Balance sheet - position ing tan Riddell Windows Inc. Balance Sheet December 31, 2020 In of ea meg ndus Riddell Windows Industry or R Inc. ues, cc Average 66.6% Current assets $ 11.0 Property, plant, equip., net 9.4 32.3 1.1 d to 0.6 Other assets 31,4 GA 21.0 100.0% Total assets dell Current liabilities $ 6.6 35.6% Inc. Long-term liabilities 7.0 19.0 45.4 7.4 Shareholders' equity S 21.0 100.0% Total liabilities and shareholders' eauit. SKARI Print Done Clear All gi Do Homework - Go... P Do Homework - Ra... 16