Requirement 1. Prepare a comparative common-size income statement for Mulberry Designs, Inc. using the 2024 and 2023 da Round percentages to one-tenth percent. (Round the percentages to one-tenth percent, X.X. Enter the percentages without the For example, enter 1.1% as 1.1.) Mulberry Designs, Inc. Common-Size Income Statement Years Ended December 31, 2024 and 2023 2024 % 2023 % Net Sales Revenue % % Expenses: Cost of Goods Sold % % Selling and Administrative Expenses % % Other Expenses % % Total Expenses % % Net Income % % Requirements 1. Prepare a comparative common-size income statement for Mulberry Designs, Inc. using the 2024 and 2023 data. Round percentages to one-tenth percent. 2. To an investor, how does 2024 compare with 2023? Explain your reasoning. Print Done Mulberry Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 $ 431,000 $ 372,350 203,850 186,000 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 99,000 93,250 4,650 9,000 311,850 283,900 $ 119,150 $ 88,450 Net Income