Requirement 1. Prepare a comparative common-size income statement for McClane Designs, Inc. using the 2018 and 2017 data. Round percentages to one-tenth percent. (Round the percentages to one-tenth percent, X.X%.) McClane Designs, Inc. Common-Size Income Statement Years Ended December 31, 2018 and 2017 2018 2017 100.0 _ 100.0 % Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses Net Income McClane Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue $ 428,950 $ 371,150 Expenses: Cost of Goods Sold Selling and Administrative Expenses 201,000 97,450 8,350 306,800 187,550 95,350 6,000 288,900 Other Expenses Total Expenses 122,150 $ 82,250 Net Income