Data for Harlan Designs, Inc. follow: 3 (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare a horizontal analysis of the comparative income statement of Harlan Designs, Inc. Round percentage changes to one decimal place. (Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.) Harlan Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 Increase (Decrease) Amount Percentage 2024 2023 $ 432,550 $ 375,000 % Net Sales Revenue Expenses: Cost of Goods Sold 201,550 190,450 % Selling and Administrative Expenses % 99,350 9,150 92,000 2,000 Other Expenses % Total Expenses 310,050 284,450 % $ 122,500 $ 90,550 Net Income % Requirement 2. Why did 2024 net income increase by a higher percentage than net sales revenue? Net income increased by a higher percentage than total net sales revenue during 2024 because Harlan Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 Net Sales Revenue $ 432,550 $ 375,000 Expenses: Cost of Goods Sold Selling and Administrative Expenses 201,550 190,450 99,350 92,000 Other Expenses 9,150 2,000 Total Expenses 310,050 284,450 $ 122,500 $ 90,550 Net Income 1. Prepare a horizontal analysis of the comparative income statement of Harlan Designs, Inc. Round percentage changes to one decimal place. 2. Why did 2024 net income increase by a higher percentage than net sales revenue