Data for Mariner 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 Mariner Designs, Inc. Round percentage changes to one decimal place. (Round the percentages to orm decimal place, XX%. Use a minus sign or parentheses to indicate a decrease.) Mariner Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 Increase (Decrease) 2024 2023 Amount Percentage Net Sales Revenue $ 428,950 $ 371,150 Expenses Cost of Goods Sold 201.550 185,000 Selling and Administrative Expenses 97,450 93,000 Other Expenses 8,000 6,850 Total Expenses 307,000 284,050 Net Income $ 121,950 $ 86,300 Data table Mariner Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 Net Sales Revenue $ 428,950 $ 371,150 Expenses: Cost of Goods Sold 201,550 185,000 Selling and Administrative Expenses 97,450 93,000 8,000 6,850 Other Expenses 307,000 284,850 Total Expenses $ 121,950 $ 86,300 Net Income Print Done Requirements 1. Prepare a horizontal analysis of the comparative income statement of Mariner 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