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The comparative Income statement of McMahon Music Co for the years ended December 31, 2018 and 2017 is as follows: Click the icon to view the comparative income statement) Requirement Prepare a comparative common-size income statement for McMahon Music Data table 1. McMahon Music Co. Comparative Common-Size Income Statements Years Ended December 31, 2018 and 2017 2018 2017 % 2017 934,000 % McMahon Music Co. Comparative Income Statements Years Ended December 31, 2018 and 2017 2018 $ 844,000 $ Total revenue Expenses Cost of goods sold $ 404,000 $ Selling and general expenses 234.000 Interest expense 0,300 84,000 Income tax expense 731,300 Total expenses $ 112,700 S Net Incomo Total revenue Expenses: Cost of goods sold Selling and general expenses Interest expenso Income tax expense Total expenses 96 96 % 400,000 206,000 12.000 86,000 % 9 % 94 764,000 Net income % 170,000 Print Done