Data for Micatin Designs, Inc. follow:

Micatin Designs, Inc.
Comparative Income Statement
Years Ended December 31, 2018 and 2017
			2018	2017
		Net Sales Revenue	$428,000	$372,000
		Expenses:
		Cost of Goods Sold	202,000	185,000
		Selling and Administrative Expenses	99,350	92,750
		Other Expenses	6,750	4,000
		Total Expenses	308,100	281,750
		Net Income	$119,900	$90,250

Requirements:

1.	Prepare a horizontal analysis of the comparative income statement of Micatin Designs, Inc. Round percentage changes to one decimal place.
2.	Why did 2018 net income increase by a higher percentage than net salesrevenue?

Micatin Designs, Inc.
Comparative Income Statement
Years Ended December 31, 2018 and 2017
			Increase (Decrease)
	2018	2017	Amount	Percentage
Net Sales Revenue	$428,000	$372,000			%
Expenses:
Cost of Goods Sold	202,000	185,000			%
Selling and Administrative Expenses	99,350	92,750			%
Other Expenses	6,750	4,000			%
Total Expenses	308,100	281,750			%
Net Income	$119,900	$90,250			%

And,

Alpha Designs, Inc. has the following data:

Alpha Designs, Inc.
Comparative Balance Sheet
December 31, 2018 and 2017
			2018	2017
		Assets
		Total Current Assets	$42,750	$44,400
		Property, Plant, and Equipment, Net	208,335	109,150
		Other Assets	33,915	31,450
		Total Assets	$285,000	$185,000
		Liabilities
		Total Current Liabilities	$49,020	$30,155
		Long-term Debt	109,155	127,650
		Total Liabilities	158,175	157,805
		Stockholders' Equity
		Total Stockholders' Equity	126,825	27,195
		Total Liabilities and Stockholders' Equity	$285,000	$185,000

Perform a vertical analysis of Alpha Designs' balance sheet for each year.Begin by performing a vertical analysis of Alpha Designs' balance sheet for 2018, then perform the analysis for 2017. (Round the percent of total amounts to one decimal place, X.X%.)

Alpha Designs, Inc.

Balance Sheet

December 31, 2018 and 2017

	2018	Percent of Total
Assets
Total Current Assets	$42,750		%
Property, Plant, and Equipment, Net	208,335		%
Other Assets	33,915		%
Total Assets	$285,000		%
Liabilities
Total Current Liabilities	$49,020		%
Long-term Debt	109,155		%
Total Liabilities	158,175		%
Stockholders' Equity
Total Stockholders' Equity	126,825		%
Total Liabilities and Stockholders' Equity	$285,000		%