Using the firm's 2019 income statement develop the 2019 common-size income Common-size statement analysis A common-size income statement for Creek Enterprises 2018 operations follows statement and compare it to the 2018statement. Which areas require further analysis and investigation? Complete the common size income statement for the year ending December 31, 2019 and compare to the common size income statement for the year ending December 2018 (Round to one decimal place.) 100.0 % 339% Creek Enterprises Common-Size Income Statement for the Years Ended December 31, 2018 and December 2019 2019 2018 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses Seling expense 12.4% General and administrative expenses Lease expense Depreciation expense Total operating expense Operating profits 6.3 35 11.2% ter any number in the edit fields and then continue to the next question. 2014 complete) Data Table mmon-size ement. Whi E. dev hent for the (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) cember 20 Common- Ended De 100.0 % 66.1 33.9 % 6.3 Creek Enterprises Income Statement for the Year Ended December 31, 2018 Sales revenue ($34,973,000) Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense 12.4 % General and administrative expenses Lease expense 0.5 Depreciation expense 3.5 Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes (rate = 40%) Net profits after taxes Less: Preferred stock dividends Earnings available for common stockholders 11.2 % 9.8 % 5.7 % then contin Print Done 7 of 11 (4 complete) analysis A common-size the 2018statement. Wh A Data Table -income statement for the lembe Common for the Years Ended De (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Creek Enterprises Income Statement for the Year Ended December 31, 2019 Sales revenue $29.998,000 Less: Cost of goods sold 20.977,000 Gross profits $9,021,000 Less: Operating expenses Selling expense $3,042,000 General and administrative expenses 1,787,000 Lease expense 219,000 Depreciation expense 1,004,000 Total operating expense 6,052,000 Operating profits $2,969,000 Less: Interest expense 950,000 Net profits before taxes $2,019,000 Less: Taxes (rate = 40%) 807,600 Net profits after taxes $1,211,400 Less: Preferred stock dividends 118,000 $1,093,400 Earnings available for common stockholders expenses Print Done it fields and then conti