Question: Prepare a comparative common-size income statement for Sensible Music Ltd., rounding percentages to one-tenth percent (Click the icon to review data from the comparative income

Prepare a comparative common-size income statement for Sensible Music Ltd., rounding percentages to one-tenth percent (Click the icon to review data from the comparative income statement.) (Enter the percentage changes as a percent, rounded to one decimal place, X.X%.) Sensible Music Ltd. Comparative Common-Size Income Statement For the Years Ended December 31, 2020 and 2019 2020 % of total 2019 % of total Total revenue % Expenses Cost of goods sold Selling and general expenses Interest expense 9 % % % Income tax expense % Total expenses 96 % Nel income 96 i Comparative income statement - X Sensible Music Ltd. Comparative Income Statement For the Years Ended December 31, 2020, and 2019 2020 2019 Total revenue $ 402,000 $ 434,000 202,000 Expenses Cost of goods sold Selling and general expenses Interest expense 184,000 $ 95,500 3,000 36,500 87,500 12,000 45,000 Income tax expense 346,500 319,000 Total expenses $ 83,000 $ 87,500 Net income Print Done
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