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 one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.) Mariner Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 Net Sales Revenue Expenses: Increase (Decrease) 2024 2023 Amount Percentage $ 432,000 $ 371,150 $ 60,850 % Cost of Goods Sold 203,000 188,750 14,250 % Selling and Administrative Expenses 100,250 92,550 7,700 % 5,450 4,000 1,450 Other Expenses % 308,700 285,300 23,400 Total Expenses % $ 123,300 $ 85,850 $ 37,450 Net Income % 1 Data Table Mariner Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 432,000 $ 371,150 Net Sales Revenue Expenses: Cost of Goods Sold 203,000 188,750 Selling and Administrative Expenses 100,250 92,550 5,450 4,000 Other Expenses 308,700 285,300 Total Expenses $ 123,300 $ 85,850 Net Income Print Done i 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? 1% Print Done