Prepare a comparative common- size income statement for Mariner Designs. To an investor, how does 2014 compare with 2013? Explain yourreasoning.

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Mariner Designs Income Statement For the Years Ended December 31, 2014 and 2013 2 amounts in thousands 2014 2013 5 6 Sales revenues 7 Less: Cost of goods sold 8 Gross profit 9 Less: Operating expenses 10 Operating income 11 Less: interest expense 12 Income before income taxes 13 Less: Income tax expense 14 Net income 15 567,276 S 492,000 $300 471 148,750 151721 140,000 104,500 4,070 0,430 18,430 -82,000 9,905 141 816 | 5 21,235 120 581-5