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Requirement 1. Prepare a comparative common-size income statement for Verifine Designs, Inc. using the 2024 and 2023 data. Round percentages to one-tenth percent. (Round the
Requirement 1. Prepare a comparative common-size income statement for Verifine 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.) Verifine Designs, Inc. Common-Size Income Statement Years Ended December 31, 2024 and 2023 Net Sales Revenue 2024% 2023 % % % Data table Expenses: Verifine Designs, Inc. Cost of Goods Sold % % Selling and Administrative Expenses % % Other Expenses % Total Expenses Net Sales Revenue Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 $ 431,250 $ 373,750 Expenses: Net Income % Cost of Goods Sold 203,000 190,450 Selling and Administrative Expenses 96,000 92,000 8,350 2,000 Other Expenses 307,350 284,450 Total Expenses $ 123,900 $ 89,300 Net Income Print Done
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