Data for McCormick Designs, Inc. follow:

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ad the requirements.

McCormick Designs, Inc.

Common$-$Size Income Statement

Years Ended December $31,2024$ and $2023$

$2024\%$

$2023\%$

Net Sales Revenue

$$

$\%$

$100$

Expenses:

Cost of Goods Sold $\%\%$

Selling and Administrative Expenses $\%\%$

Other Expenses $\%\%$

Total Expenses $\%\%$

Net Income $\%\%$

$\backslash$table$[[\backslash$table$[[$McCormick Designs, Inc.$],[$Comparative Income Statement$],[$Years Ended December $31,2024$ and $2023]]],[,,2024,2023],[$Net Sales Revenue,$$,429,750$$$,374,000],[$Expenses:$],[$Cost of Goods Sold,,$201,000,188,750],[$Selling and Administrative Expenses,,$96,000,92,000],[$Other Expenses,,$7,000,5,000],[$Total Expenses,,$304,000,285,750],[$Net Income,$$,125,750={?}^{\text{\$}},88,250]]$