Verifine Designs, Inc.
Comparative Income Statement
Years Ended December 31, 2018 and 2017
			2018	2017
		Net Sales Revenue	$428,000	$371,150
		Expenses:
		Cost of Goods Sold	201,000	189,350
		Selling and Administrative Expenses	98,650	93,000
		Other Expenses	8,350	2,150
		Total Expenses	308,000	284,500
		Net Income	$120,000	$86,650

Data for

VerifineVerifine

Designs, Inc. follow:

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Requirement

1.

Prepare a comparative common-size income statement for

VerifineVerifine

Designs, Inc. using the

20182018

and

20172017

data. Round percentages to one-tenth percent. (Round the percentages to one-tenth percent, X.X%.)

Verifine Designs, Inc.
Common-Size Income Statement
Years Ended December 31, 2018 and 2017
		2018		2017
	Net Sales Revenue		%		%
	Expenses:
	Cost of Goods Sold		%		%
	Selling and Administrative Expenses		%		%
	Other Expenses		%		%
	Total Expenses		%		%
	Net Income		%		%