Exercise 18-1 (similar to) Duction Help Prepare a horisontal analysis of the following comparative come statement of Metaughlin Tutoring Inc. Round percentage changes to the nearest one-th percent (three decimal places m Click the icon to view the comparative income statement) Why was the percentage increase in net income higher than that in total revenue during 2020 Show McLaughline's horontal analyshol net sales and expenses (found percentages to be decimal place! McLaughlin Tutoring in Horontal Arayer of Comparieve Income Salon For the Year Ended December 31, 2020 and 2019 Increase Decrease) 2020 2015 Ant Net 5 53.000 57.000 Expo Cost of goods 216.000 Sing and generales 100.000 149,000 22.000 20.000 40,000 Wages expanse Total 472.000 120.000 71.000 53.000 Net income 25.000 Data Table McLaughlin Tutoring in Income Statement For the Year Ended December 21, 2020 and 2010 2020 200 5 563.000.000 Expenses Coat of 900 sold 253.000 210.000 Selling and general 146 000 14.000 22.000 20.000 51000 Waous pense 472.000 000 Total Net income 71.000 53.000 Print Done