E14-15A Prepare a common-size income statement (Learning Objective 3) Prepare a comparative common-size income statement for Mariner Designs. To an investor, how does 2014 compare with 2013? Explain your reasoning. A. Mariner Designs ncome Statement For the Years Ended December 31, 2014 and 2013 2 amounts in thousands) 2014 4 2013 S567,276 492000 Sales revenues 7 Less: Cost of goods sold 244,500 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 15 104,500 4,070 141,816 S 100,430 21,23518430 151,721 9,905 82,000 Course tO e