Data for Carlton, Inc. and Alioto Corp. follow: (Click the icon to view the data.) Read the requirements Requirement 1. Prepare common-size income statements. (Round your answers to one decimal place, XX%) Requirements Carlton Versus Alloto Common-Size Income Statement (Partial) Year Ended December 31 Carlton % Alloto % % % Net Sales Revenue 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? % Cost of Goods Sold % Other Expenses % Print Done Net Income X Data Table Carlton Alioto $ Net Sales Revenue 21,000 12,000 $ Cost of Goods Sold 7,452 3,864 15,414 4,557 Other Expenses 684 $ 1,029 Net Income