E15-13 (similar to) Data for Micatin 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 Micatin Designs, Inc. Round percentage changes to one decimal place. (Round the pe minus sign or parentheses to indicate a decrease.) Micatin Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 Increase (Decrease) 2018 2017 Amount Percentage Net Sales Revenue $ 432,550 $ 373,000 200,000 % Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 187,550 94,000 6,850 100,000 7,450 % % 307,450 288,400 $ 125,100 $ 84,600 Net Income Enter any number in the edit fields and then click Check Answer. Clear All 1 part remaining come statement of Micatin Designs, Inc. Round percentage changes to one decimal pl mt nd 2017 Requirements 1. Prepare a horizontal analysis of the comparative income statement of Micatin Designs, Inc. Round percentage changes to one decimal place. 2. Why did 2018 net income increase by a higher percentage than net sales revenue? Print Done nswer. Clear All rative income statement of Micatin Designs, Inc. Round percentage changes to one decimal place.( Inc. tatement 2018 and 2017 20 Data Table -X $ Micatin Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue $ 432,550 $ 373,000 $ Expenses: Cost of Goods Sold Selling and Administrative Expenses 200,000 100,000 7,450 187,550 94,000 6,850 288,400 Other Expenses 307.450 Total Expenses $ 125,100 $ 84,600 Net Income Answer Print Done ULJU FCP Data for Micatin 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 Micatin 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.) Micatin Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 Increase (Decrease) 2018 2017 Amount Percentage Net Sales Revenue 432,550 $ 373.000 187,550 % Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 96 200,000 100,000 7.450 307.450 125,100 $ 94.000 6,850 % 288,400 % Net Income 84.600 Enter any number in the edit fields and then click Check Answer 1 part remaining Clear All Check Answer F3 F4 FS FG PrtScn F8 End F7 Home F9 F10 PgUp F11 PgDn F12