x Data Table 2017 Delight Corporation Income Statement For the Years Ended December 31, 2017 and 2016 (amounts in thousands) 2017 2016 Sales revenues $ 480,000 $ 416,000 Less: Cost of goods sold 228,000 212,000 Gross profit $ 252,000 $ 204,000 116,550 110,580 Less: Operating expenses Operating income $ 135,450 $ 93,420 9,760 9,200 Less: Interest expense Income before income taxes $ 125,690 $ 84,220 22.130 13,853 Less: Income tax expense $ 103,560 $ 70,367 Net income Til ere efd on Prepare a comparative common-size income statement for Delight Corporation. To an investor, how does 2017 compare with 2016? Explain your reasoning. (Click the icon to view the comparative income statement.) Start by calculating the percentages. (Round the percentages to two decimal places, X.XX.) Delight Corporation Comparative Common-Size Income Statement For the Years Ended December 31, 2017 and 2016 2017 2016 Sales revenues 100.00 % 100.00 % % % % % % Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes Less: Income tax expense % % % % % % % % Net income Now you are ready to compare the two years. An investor would be with 2017 in comparison with 2016. Net sales and net income are both significantly from 2016. Cost of goods sold and selling and general expenses - the two largest expenses consumed percentages of total revenues in 2017 and net income represents a percentage o revenues. Overall, profits are nnd then continue to the next