spreadsheet.) Creek Enterprises Income Statement for the Year Ended December 31, 2022 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses Lease expense Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes(rate=21%) Net profits after taxes Less: Preferred stock dividends Earnings available for common stockholders \begin{tabular}{rr} $2,984,000 \\ 1,825,000 & \\ 154,000 & \\ 1,049,000 & 6,012,000 \\ \hline$2,934,000 \\ & 1,002,000 \\ \hline$1,932,000 \\ 405,720 \\ \hline$1,526,280 \\ 143,000 \\ \hline$1,383,280 \\ \hline \end{tabular} (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Creek Enterprises Common-Size Income Statement for the Years Ended December 31, 2021 and December 2022 Provide your evaluation based on the common-size income statements: (Select all the choices that apply.) A. The level of interest as a percentage of sales has increased significanty; this suggests that the firm has too much debt. B. Selling expense has increased due to the increase in cost of goods sold. C. Operating expenses have decreased as a percentage of sales; this appears favorable unless this decline has contributed toward the fall in sales. D. Sales have declined and cost of goods sold has increased as a percentage of sales, probably due to a loss of productive efficiency. E. Further analysis should be directed at the increased cost of goods sold and the high debt level