E15-13 (similar to) is Question Help Data for Mariner 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 Mariner 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.) Mariner Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 Data Table 2018 2017 Increase (Decrease) Amount Percentage % $ 430,150 $ 373,450 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses Mariner Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 204,950 96,000 5,450 306,400 123,750 $ 190,000 92,000 3,000 285,000 88,450 $ 430,150 $ 373,450 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Net Income $ 204,950 96,000 5,450 190,000 92,000 3,000 Requirements Other Expenses Total Expenses 306,400 123,750 $ 285,000 88,450 $ Net Income 1. Prepare a horizontal analysis of the comparative income statement of Mariner 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 Print Done Clear All Check