Net Sales Revenue Expenses McClane Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 Amount Increase (Decrease) Percentage $ 432,000 $ 374,650 % Cost of Goods Sold 202,000 189,350 % Selling and Administrative Expenses 100,250 91,000 % 6,000 2,000 Other Expenses % 308,250 282,350 Total Expenses % $ 123,750 $ 92,300 Net Income % Requirement 2. Why did 2024 net income increase by a higher percentage than net sales revenue? Net income increased by a higher percentage than total net sales revenue during 2024 because McClane Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 $ 432,000 $ 374,650 Net Sales Revenue Expenses: Cost of Goods Sold 202,000 189,350 Selling and Administrative Expenses 100,250 6,000 91,000 2,000 Other Expenses 308,250 282,350 Total Expenses $ 123,750 $ 92,300 Net Income Print Done