Question: Please complete the following: Problem P3-18 3-18 Common-size statement analysis A common-size income statement for Creek Enterprises' 2021 operations follows. Using the firm's 2022 income

Please complete the following:

  • Problem P3-18 3-18 Common-size statement analysis A common-size income statement for Creek Enterprises' 2021 operations follows. Using the firm's 2022 income statement presented in Problem 3-16, develop the 2022 common-size income statement and compare it with the 2021 common-size statement. Which areas require further analysis and investigation?

Carry all calculations to TWO decimal places to reduce rounding error, especially in multi-step problems.

Remember to show all calculations. If you do not show how you arrived at your answers, you will not receive credit.

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