Below is the comparative income statement of Muscateer, Inc. E: (Click the icon to view the comparative income statement.) Read the requirements e l of Muscator he Requirement 1. Prepare a horizontal analysis of the comparative income statement of Muscateer, Inc. Round percentage changes to the nearest tenth of a percent, XX%. (Use a minus sign or parentheses for a decrease.) Muscateer, Inc. Horizontal Analysis of Comparative Income Statement Years Ended December 31, 2018 and 2017 Increase (Decrease) 2018 2017 Amount Percentage Revenue $ 515,000$ 421,800 leunanene Enter any number in the edit fields and then click Check Answer. part remaining Clear . Check Answer Below is the comparative income statement of Muscateer, Inc. (Click the icon to view the comparative income statement.) Read the requirements. $ 515,000 $ 421,800 Revenue Expenses: Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses 242,000 115,600 9,000 47,700 414,3001 100,700 $ 188,000 111,600 4,000 40,900 344,500 77,300 Net income Enter any number in the edit fields and then click Check Answer. part remaining Clear All 0 Data Table e state compar Muscateer, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Revenue $ 515,000 $ 421,800 Expenses: Cost of goods sold 242,000 188,000 Selling and general expenses 115,600 111,600 Interest expense 9,000 4,000 47,700 40,900 Income tax expense mol COAT ds a Print Done i Data Table state mpar Years Ended December 31, 2018 and 2017 2018 2017 Revenue $ 515,000 $ 421,800 Expenses: Cost of goods sold 242,000 188,000 Selling and general expenses 115,600 111,600 Interest expense 9,000 4,000 47,700 40,900 Income tax expense 414,3001 344,500 Total expenses $ 100,700 $ 77,300 Net income Print Done i X - Requirements 1. Prepare a horizontal analysis of the comparative income statement of Muscateer, Inc. Round percentage changes to the nearest tenth of a percent. 2. Why did net income increase by a higher percentage than total revenues increased during 2018? Print Done