Data for Micatin Designs, Inc. follow (Click the icon to view the data.) Read the requirements Data table Save Requirement 1. Prepare a horizontal analysis of the comparative income statement of Micatin Designs, Inc decimal place, XX%. Use a minus sign or parentheses to indicate a decrease.) Micatin Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 Micatin Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 Increase (Decrease) Amount Net Sales Revenue Expenses: 2024 2023 $ 432,000 $ 373,000 Percentage Cost of Goods Sold 203,000 188.000 Net Sales Revenue $ 432,000 $ 373,000 Selling and Administrative Expenses 96,000 95,000 Expenses: 9,150 2,500 Other Expenses Cost of Goods Soldi 203.000 188,000 308,150 285,500 Total Expenses Selling and Administrative Expenses 96,000 95,000 $ 123,850 $ 87,500 Net Income Other Expenses 9,150 2,500 Total Expenses 308,150 285,500 $ Net Income 123,850 $ 87,500 Print Done X Requirements - X 1. Prepare a horizontal analysis of the comparative income statement of Micatin Designs, Inc. Round percentage changes to one decimal place. 2. Why did 2024 net income increase by a higher percentage than net sales revenue? s R S: f Ga SA $ Print Done anc Expe xper me % 308,150 285,500 % 123,850 $ 87,500