i Data Table Prepare a horizontal analysis of the following comparative income statement of The Sunny Day Group (Click the icon to view the comparative income statement.) Why did net income increase by a higher percentage than net sales revenue during 2017? The Sunny Day Group Income Statement For the Years Ended December 31, 2017 and 2016 Show Sunny Day's horizontal analysis of net sales and expenses. (Round the percentages to the nearest hundredth percent.) The Sunny Day Group Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2017 and 2016 (amounts in thousands) 2017 2016 Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes Less: Income tax expense Net income $ 482,580 $ 420,000 210,000 $ 255,360 $210,000 90,000 S 160,230 $120,000 6,250 $ 153,820 $113,750 8,750 139,545105,000 (amounts in thousands) Increase I (Decrease) 227,220 2017 2016 Amount Percent Sales revenues Less: Cost of goods sold Gross proft Less: Operating expenses Operating income Less: Interest expense Income before income taxes Less: Income tax expense Net income Why did net income increase by a higher percentage than net sales revenue during 2017? Net income increased by a much higher percentage than total revenues during 2017 because $482,580 $420,000 227,220 210,000 $ 255,360 $ 210,000 90,000 160,230120,000 6,250 $153,820 $113,750 8,750 $139,545 $ 105,000 95,130 6,410 95,130 4,275 6,410 14,275 Print Done | increased at a higher rate than did