Data for Mill 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 Mill Designs, Inc. Round percentage changes to one decimal place. (Round the percentages to one decimal place, XX%. Use a minus sign or parentheses to indicate a decrease.) Mill Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 Data table Increase (Decrease) Amount Percentage 2024 2023 S 431,250 $ 373,000 % Mill Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses 201,550 % Net Sales Revenue $ 431,250 $ 373,000 190,450 94,000 4,000 97,450 8,750 % % Expenses: Cost of Goods Sold 201,550 305.750 288.450 Total Expenses % 190,450 94,000 S 125,500 $ Selling and Administrative Expenses 84,550 97,450 6,750 Net Income "%6 4,000 Other Expenses Total Expenses 288,450 X 305,750 Requirements $ 125,500 $ 84,550 Net Income 1. Prepare a horizontal analysis of the comparative income statement of Mill Designs, Inc. Round percentage changes to one decimal place. 2. Why did 2024 net income increase by a higher percentage than net sales revenue? Print Done