Data for Micatin Designs, Inc. follow: (Click the icon to view the data.) Read the requirements ... Requirement 1. Prepare a comparative common-size income statement for Micatin Designs, Inc. using...

Data for Micatin Designs, Inc. follow: (Click the icon to view the data.) Read the requirements ... Requirement 1. Prepare a comparative common-size income statement for Micatin Designs, Inc. using the 2024 and 2023 data. Round percentages to one-tenth percent. (Round the percentages to one-tenth percent, X.X. Enter the percentages without the %. For example, enter 1.1% as 1.1.) - Х Micatin Designs, Inc. Common-Size Income Statement Years Ended December 31, 2024 and 2023 2024 % Data table Requirements 2023 % Micatin Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 1. Prepare a comparative common-size income statement for Micatin Designs, Inc. using the 2024 and 2023 data. Round percentages to one-tenth percent 2. To an investor, how does 2024 compare with 2023? Explain your reasoning Net Sales Revenue Expenses Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses % 2023 % Net Sales Revenue $ 431,500 $ 372,000 Print Done 201,550 185.000 Net Income Expenses Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 96,550 9.150 94.750 6.850 307,250 286,600 $ 124,250 $ 85,400 Net Income Print Done