Data for Hooser Designs, Inc. follow: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare a horizontal analysis of the comparative income statement of Hooser Designs, Inc. Round percentage changes to one decimal place. (Round the percentages to one decimal place, XX% Use a minus sign or parentheses to indicate a decrease.) Hooser Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 Net Sales Revenue Expenses Cost of Goods Sold Selling and Administrative Expenses Increase (Decrease) 2024 2023 Amount Percentage $ 428,950 $ 371.150 201,550 186,250 98,650 92,750 Help me solve this Etext pages Get more help - % Clear all Check answer 2:41 DM Read the requirements. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 Amount Increase (Decrease) Percentage 428,950 $ 371,150 % Net Sales Revenue Expenses: Cost of Goods Sold 201,550 186,250 % Selling and Administrative Expenses 98,650 92,750 % 7,450 2,000 % Other Expenses 307,650 281,000 % Total Expenses $ 121,300 $ 90,150 % Net Income Data table Hooser Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 Come s er 31, Net Sales Revenue 2024 2023 $ 428,950 $ 371,150 Expenses: 024 Cost of Goods Sold 201,550 186,250 428,95 Selling and Administrative Expenses 98,650 92,750 7,450 2,000 Other Expenses 201,55 307,650 281,000 Total Expenses 98,65 $ 121,300 $ 90,150 Net Income 7,45 307,65 I X ED g Requirements 1. Prepare a horizontal analysis of the comparative income statement of Hooser Designs, Inc. Round percentage changes to one decimal place. 2. Why did 2024 net income increase by a higher percentage than net sales revenue? Print Done - X