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, X.X%. 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: 2024 2023 Increase (Decrease) Amount Percentage $ 431,500 $ 372,000 Cost of Goods Sold 200,250 190,000 % Selling and Administrative Expenses 97,450 92,750 6,750 2,150 Other Expenses % 304,450 284,900 Total Expenses % $ 127,050 $ 87,100 Net Income % Data table Hooser Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 S 431,500 $ 372,000 Net Sales Revenue Expenses: Cost of Goods Sold 200,250 190,000 Selling and Administrative Expenses 97,450 92,750 6,750 2,150 Other Expenses Total Expenses 304,450 284,900 127,050 $ 87,100 Net Income 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 -