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Data for Variline Designs, Inc. follow: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare a horizontal analysis of the
Data for Variline 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 Variline Designs, Inc. Round percentage changes to one decimal place. (Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.) Variline Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 Data table 2018 2017 Increase (Decrease) Amount Percentag $ 430,150 $ 375,000 - X Net Sales Revenue Expenses: Cost of Goods Sold 203,000 189,350 Selling and Administrative Expenses 100,000 92,550 Net Sales Revenue Variline Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 $ 430,150 $375,000 8,350 Other Expenses 4,000 Expenses: 311,350 285,900 Cost of Goods Sold 203,000 189,350 Total Expenses $ 118,800 $ 89,100 Selling and Administrative Expenses 100,000 92,550 Net Income 8,350 4,000 Other Expenses 311,350 285,900 Total Expenses $ 118,800 $ 89,100 Net Income
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