Prepare a comparative common-size income statement for Jubilee Corporation. To an investor, how does 2017 compare with 2016? Explain your reasoning.

Jubllee Corporatlon Income Statement For the Years Ended December 31, 2017 and 2016 (amounts In thousands) 2017 494,208 S 172,640 321,568 S 143,370 178,198 S 7,500 170,698 $ 33,990 136,708 S 2016 429,000 160,000 269,000 135,000 134,000 6,000 128,000 24,000 104,000 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