Requirement 1. Prepare common-size income statements. (Round your answers to one decimal place, X.X%.) Sanchez, Inc. Versus Azul Corp. Common-Size Income Statement (Partial) Year Ended December 31 Net Sales Revenue Cost of Goods Sold Other Expenses Net Income Sanchez, Inc. % Azul Corp. % % % % % % % % % Requirements 1. Prepare common-size income statements. 2. Which company earns more net income? 3. Which company's net income is a higher percentage of its net sales revenue? Data Question Viewer Print Done Sanchez, Inc. Azul Corp. Net Sales Revenue $ 15,000 $ 20,000 Cost of Goods Sold 9,135 14,420 5,010 4,560 Other Expenses $ 855 $ 1,020 Net Income Print Done -