Data for Muscateer 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 Muscateer 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.) Muscateer Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 Increase (Decrease) 2024 2023 Amount Percentage Net Sales Revenue $ 431,500 $ 374,000 Expenses: Cost of Goods Sold 202.000 185,000 Selling and Administrative Expenses 100,000 92,550 Other Expenses Total Expenses 7,450 309.450 2,150 279.700 $ 122,050 $ 94,300 Net Income Requirement 2. Why did 2024 net income increase by a higher percentage than net sales revenue? Net income increased by a higher percentage than total net sales revenue during 2024 because