Data for McCormick 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 McCormick 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.) McCormick Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Increase (Decrease) Amount Percentage $ 429,000 $ 373,750 % Net Sales Revenue Expenses: Cost of Goods Sold 201,000 190,450 % Selling and Administrative Expenses 97,450 92,000 % 6,750 2,150 Other Expenses % 305,200 284,600 Total Expenses % 123,800 $ 89,150 Net Income