Prepare a horizontal analysis of the comparative income statement of Keesha Shoes Inc. Round percentage changes to the nearest one-tenth percent (three decimal places).
Why was the percentage increase in net income higher than that in total revenue during 2014?

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KEESHA SHOES INC. Income Statement For the Years Ended December 31, 2014 and 2013 2013 Net sales $533,000 465,000 202,000 6,000 Expenses Cost of goods sold Selling and general expenses Interest expense Wages expense 235,000 140,000 10,000135,000 41,000 Total expenses 436,000 34000 Net income $ 81,000