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Data for Micatin Designs, Inc. follow: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare a horizontal analysis of the
Data for Micatin 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 Micatin 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.) Micatin Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Amount Increase (Decrease) Percentage $ 431,250 $ 375,750 % Net Sales Revenue Expenses: Cost of Goods Sold 201,550 185,000 Selling and Administrative Expenses 98,650 91,000 do do % 5,450 2,000 Other Expenses 305,650 278,000 Total Expenses do do % % % $ 125,600 $ 97,750 Net Income % Data table Micatin Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 431,250 $ 375,750 Net Sales Revenue Expenses: Cost of Goods Sold 201,550 185,000 Selling and Administrative Expenses 98,650 91,000 5,450 2,000 Other Expenses 305,650 278,000 Total Expenses $ 125,600 $ 97,750 Net Income Print Done
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