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Data for Mulberry Designs, Inc. follow: (Click the icon to view the data.) Read the requirements. Years Ended December 31, 2018 and 2017 2018 Increase
Data for Mulberry Designs, Inc. follow: (Click the icon to view the data.) Read the requirements. Years Ended December 31, 2018 and 2017 2018 Increase (Decrease) Amount Percentage 2017 Net Sales Revenue $ 431,000 $ 372,350 Expenses: Cost of Goods Sold 203,850 Selling and Administrative Expenses 99,000 9,000 186,000 93,250 4,650 Other Expenses Total Expenses 283,900 $ 119,150 $ 88,450 Net Income Mulberry Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 $ 431,000 $ 372,350 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses 203,850 99,000 9,000 186,000 93,250 4,650 Other Expenses Total Expenses 311,850 119,150 $ 283,900 88,450 $ Net Income 1. Prepare a horizontal analysis of the comparative income statement of Mulberry Designs, Inc. Round percentage changes to one decimal place. 2. Why did 2018 net income increase by a higher percentage than net sales revenue
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