Prepare a horizontal analysis of the following comparative income statement of Syntex Incorporated. Round percentage changes to the nearest one-tenth percent (three decimal places):

Why did net income increase by a higher percentage than total revenues increased during 19X9?

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SYNTEX INCORPORATED COMPARATIVE INCOME STATEMENT YEARS ENDED DECEMBER 31, 19X9 AND 19X8 19X9 19X8 Total revenue. $410,000 $373,000 Expenses: Cost of goods sold......... $202,000 $188,000 Selling and general expenses. 98,000 93,000 Interest expense 7,000 Income tax expense.. 42,000 Total expenses.......... 349,000 Net income... $ 61,000 4,000 37,000 322,000 $ 51,000