Income statement data (in thousands of dollars) for Collingwood Productions Corporation, a production company involved in the production of motion pictures and home entertainment, for the years ended December 31, 2015 and 2014, are as follows

Income statement data (in thousands of dollars) for Collingwood Productions Corporation, a production company involved in the production of motion pictures and home entertainment, for the years ended December 31, 2015 and 2014, are as follows

a. Prepare a comparative income statement for fiscal years 2015 and 2014 in vertical form, stating each item as a percent of revenues. Round to one decimal place.

b. Comment on the significant changes.

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