Requirement 1.

Prepare a comparative common-size income statement for

Variline Designs, Inc. using the 2024 and 2023 data. Round percentages to one-tenth percent. (Round the percentages to one-tenth percent, X.X. Enter the percentages without the %. For example, enter 1.1% as 1.1.)

Variline Designs, Inc.
Common-Size Income Statement
Years Ended December 31, 2024 and 2023
	2024 %	2023 %
Net Sales Revenue		%		%
Expenses:
Cost of Goods Sold		%		%
Selling and Administrative Expenses		%		%
Other Expenses		%		%
Total Expenses		%		%
Net Income		%		%

A1 X V fx Variline Designs, Inc A B C D m Variline Designs, Inc. 2 Comparative Income Statement 3 Years Ended December 31, 2024 and 2023 4 2024 2023 5 Net Sales $429,000 $371,150 6 Expenses: 7 Cost of Go 204,000 189,000 8 Selling an 96,000 92,000 9 Other Exp 9,150 6,000 10 Total Expe 309,150 287,000 11 Net Incon $119,850 $84,150 12 13 14