E15-13 (similar to) Question Help Data for McCormick Designs, Inc. follow: BE: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare a horizontal analysis of the comparative income statement of McCormick 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.) McCormick Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 Increase (Decrease) Amount Percentage 2018 2017 $ 432,550 $ 372,000 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses 203,000 98,000 6,750 307,750 124,800 $ 190,000 92,000 6,000 288,000 84,000 Total Expenses $ Net Income Enter any number in the edit fields and then click Check Answer. McCormick Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 $ 432,550 $ 372,000 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses 203,000 98,000 6,750 190,000 92,000 6,000 Other Expenses Total Expenses 307,750 288,000 $ 124,800 $ 84,000 Net Income