Assignment Data for Hooser Designs, Inc. follow: a (Click the icon to view the data) E Homework: ACC-260 Benchmark - Topic 7 Question 1, EC-13 (simila o) Part1 on HW Score: 0%, 0 of 100 points 1'21 Points: 0 of 10 Requirements Read the requirements. Prepare a horizontal analysis of the comparative income statement of Hooser Designs, Inc. Round percentage changes to one decimal place, 2. Why did 2018 net income increase by a higher percentage than net sales revenue? Requirement 1. Prepare a horizontal analysis of the comparative income statement of Hooser Designs, | %. Use a minus sign or parentheses to indicate a decrease.) Data table Increase (Decrease) 2018 2011 Amount Percentage Net Sales Revenue $ 428,000 $ 375,000 % Expenses: 2018 2011 Cost of Goods Sold 203,000 189,350 % Net Sales Revenue $ 428,000 $ 375,000 Selling and Administrative Expenses 100,000 92,550 % Expenses: Other Expenses 85\" 2- % cm of Goods Sold 203,000 189,350 Total Expenses 2339"\" % Selling and Administrative Expenm 100,000 92,550 Net Income $ 110,500 $ 91,100 % 0th., Ewen,\" 8,500 2,000 Total Expenses 311,500 283,900 Net Income $ 110,500 $ 91,100