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1. A. Express the following income statements in common-size percentages. B. Compare the two years and explain whether or not the company's situation has improved in the second year, and why Y COMPANY INCOME STATEMENTS FOR THE YEARS ENDED 12-31-17 AND 12-31-18 2014 300,000 200,000 150,000 140,000 2013 Sales Cost of Goods Sold Gross Profit Operating expenses 150,000 60,000 50,000 90,000 Net Income 60,00010,000