i 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 Data Table CERERE ANDRE Micatin Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 429,000 $373,000 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 200,000 100.250 2 9.150 309 400 188 750 94.750 5.750 289,250 Print Done i Data Table Comparative income Statement Years Ended December 31, 2018 and 2017 2018 2017 $ 429,000 S 373,000 Net Sales Revenue Expenses Cost of Goods Sold Selling and Administrative Expenses 200,000 100 250 9 150 188.750 94.750 5.750 Other Expenses 309 400 289,250 Total Expenses 119,600 $ 83,750 Net Income Print Done Requirement 1. Prepare a horizontal analysis of the comparative Income statement of Micain Designs, Inc. Round percentage changes to one decimal place (Round the percentages to one decimal place, XX%. 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 $ 429,000 S 373.000 Data for Micatin Designs, Inc. follow (Click the icon to view the data.) Read the requirements Expenses Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 200,000 100,250 9,150 309,400 119,600 $ 188,750 94,750 5.750 289,250 83.750 Net Income Requirement 2. Why did 2018 net income increase by a higher percentage than net sales revenue? Net Income increased by a higher percentage than total net sales revenue during 2018 because Enter any number in the edit fields and then continue to the next