Below is the comparative income statement of Muscateer, Inc. (Click the icon to view the comparative income statement.) Read the requirements. Revenue Expenses: Muscateer, Inc. Horizontal Analysis of Comparative Income Statement Years Ended December 31, 2018 and 2017 Increase (Decrease) 2018 2017 Amount Percentage $ 495,000 $ 421,800 % Cost of goods sold 245,000 240,000 % Selling and general expenses 120,100 115,100 % Interest expense 10,000 1,000 % Income tax expense 45,500 39,700 % Total expenses 420,600 395,800 % Net come $ 74,400 $ 26,000 % Requirement 2. Why did net income increase by a higher percentage than total revenues increased during 2018? Net income increased by a higher percentage than total revenues during 2018 because increased at a higher rate than did