Mariner Designs, Inc.
Comparative Income Statement
Years Ended December 31, 2018 and 2017
	2018	2017
Net Sales Revenue	$ 430,000	$ 374,650
Expenses:
Cost of Goods Sold	201,550	188,750
Selling and Administrative Expenses	99,350	92,750
Other Expenses	8,500	3,000
Total Expenses	309,400	284,500
Net Income	$ 120,600	$ 90,150

Dialog content ends

Data for Mariner Designs, Inc. follow: (Click the icon to view the data.) Read the requirements. Requirements 1. Prepare a horizontal analysis of the comparative income statement of Mariner Design Inc. Round percentage changes to one decimal place. 2. Why did 2018 net income increase by a higher percentage than net sales revenue? Requirement 1. Prepare a horizontal analysis of the comparative income statement of Mariner Designs, 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 Print Done Increase (Decrease) Amount Percentage 2018 2017 Net Sales Revenue $ 430,000 $ 374,650 Fxnenses: Calculator Ask my instructor Clear all Check answer Save Data for Mariner Designs, Inc. follow: Increase (Decrease) Amount Percentage 2018 2017 $ 430,000 $ 374,650 % Net Sales Revenue Expenses: Cost of Goods Sold 201,550 188,750 % % Selling and Administrative Expenses Other Expenses Total Expenses 99,350 8,500 92,750 3,000 % 309,400 284,500 % $ 120.600 $ 90,150 Net Income % Calculator Ask my instructor Clear all Check