Requirement 1. Prepare a comparative common-size income statement for Verifine Designs, Inc. using the 2018 and 2017 data. Round percentages to one-tenth percent. (Round the percentages to one-tenth percent, X.X%.) Verifine Designs, Inc. i X Data Table Common-Size Income Statement Years Ended December 31, 2018 and 2017 2018 % 2017 % 100 Net Sales Revenue % 100 % Verifine Designs, Inc. Comparative Income Statement Expenses: Cost of Goods Sold 46.7 % 49.5 % Years Ended December 31, 2018 and 2017 2018 2017 Selling and Administrative Expenses % % Net Sales Revenue 430,000 $ 373,750 Other Expenses % % Expenses: Total Expenses % Cost of Goods Sold 201,000 185,000 Net Income % Selling and Administrative Expenses 98,000 5,450 95,350 2,000 Other Expenses Total Expenses 304,450 282,350 $ 125,550 $ 91,400 Net Income