Common-size statement analysis a common size income statement for Creek Enterprises 2018 operations follows statement and compare it to the 2010statement which areas require further analysis and investigation? Using the firm's 2019 income statement develop the 2019 common size income 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: ( Hound to one decimal place) Creek Enterprises Common-Sire Income Statement for the Years Ended December 31, 2018 and December 2010 2019 2018 100.0 % 1235 Sales revenue Less: Cost of goods sold Gross profs Less: Operating expenses Seling expense General and administrative expenses Lease expense Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before toes e Tower 225 10.4% 22 Using the firm's 2019 income statemen 6.1 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? for the Years Ended December 31, 2018 and December 2019 2019 2018 Sales revenue 100.0 % Less: Cost of goods sold 65.6 Gross profits 34.4 % Less: Operating expenses Selling expense 12.3 % General and administrative expenses Lease expense 0.4 Depreciation expense Total operating expense 22.5 Operating profits 11.9% Less: Interest expense 1.5 Net profits before taxes 10.4 % Less: Taxes (rate=21%) Net profits after taxes 8.2 % Less: Preferred stock dividends Earnings available for common stockholders 8.0 % 3.7 22 0.2 VI VIUN CIT US GUTU Updral ONS TONIOWS . Using the firm's 2019 income sti 0 Data Table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Creek Enterprises Income Statement for the Year Ended December 31, 2018 Sales revenue ($35,046,000) 100.0 % Less: Cost of goods sold 65.6 Gross profits 34.4 % Less: Operating expenses Selling expense 12.3 % General and administrative expenses 6.1 Lease expense 0.4 Depreciation expense Total operating expense 22.5 Operating profits 11.9 % Less: Interest expense 1.5 Net profits before taxes 10.4 % Less: Taxes (rate = 21%) 2.2 Net profits after taxes 8.2 % Less: Preferred stock dividends 0.2 Earnings available for common stockholders 8.0 %