Data for McClane Designs, Inc. follow: 2 (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare a horizontal analysis of the comparative income statement of McClane 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.) McClane Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 Increase (Decrease) Amount Percentage 2018 2017 $ 432,550 $ 373,450 Net Sales Revenue Expenses: Cost of Goods Sold 201,000 186,250 C D % Cost of Goods Sold Selling and Administrative Expenses 201,000 96,550 8,500 Other Expenses 186,250 94,750 5,750 286,750 86,700 Total Expenses 306,050 126,500 $ Net Income McClane Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue $ 432,550 $ 373,450 Expenses: Cost of Goods Sold Selling and Administrative Expenses 201,000 96,550 8,500 186,250 94,750 5,750 Other Expenses Total Expenses 306,050 286,750 $ 126,500 $ 86,700 Net Income 1. Prepare a horizontal analysis of the comparative income statement of McClane Designs, Inc. Round percentage changes to one decimal place. 2. Why did 2018 net income increase by a higher percentage than net sales revenue