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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 comparative
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, 2024 and 2023 Increase (Decrease) Amount Percentage 2024 2023 $ 431,500 $ 374,650 % Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 200,250 96,000 7,450 190,450 93,000 2,500 % % 303,700 285,950 $ 127,800 $ 88,700 Net Income Data table Variline Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 $ 431,500 $ 374,650 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses 200,250 190,450 96,000 7,450 93,000 2,500 Total Expenses 303,700 285,950 $ 127,800 $ 88,700 Net Income Print Done
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