Data for Muscateer Designs, Inc. follow (Click the icon to view the data) Requirements 1. Prepare a horizontal analysis of the comparative income statement of Muscateer Designs, Inc Round percentage changes to one decimal place y did 2016 net income increase by a higher percentage than net sales revenue? Requirement 1. Prepare a horizontal analysis of the (Round the percentages to one decimal place. XX%, Use a minus sign or parentheses to indicate a decrease) comparative income statement of Muscateer Designs, Inc. Round percentage changes to one decimal place Muscateer Designs, Inc. Comparative Income Statement Years Ended December 31.2016 and 2015 Increase (Decrease) Amount Percentage 2016 2015 S429,000 S 371.000 Net Sales Revenue Expenses [ ][ ]% 203,850 186 250 96.55092,750 Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 8,500 2,500 08900 281.500 120,100 $ 89,500 Net Income Muscateer Designs, Inc. Comparative Income Statement Years Ended December 31, 2016 and 2015 20102015 $ 429,000 S 371,000 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 203,850186,250 96,55092,750 8,500 2,500 308,900281,500 S 120,100 $ 89,500 Net Income