(o complete) HW Sca 7-15 (similar to) ata for Hooser Designs, Inc. follow B (Click the icon to view the data.) equirements 1. Prepare a horizontal analysis of the comparative income statement of Hooser Designs, Inc. Round percentage changes to one decimal place 2. Why did 2016 net income increase by a higher percentage than net sales revenue? Requirement 1. Prepare a horizontal analysis of the comparative income statement of Hooser Designs, inc. Round percentage changes to one decimal place (Rournd the percetages to one d use a minus sign or parentheses to indicate a decrease ) Hooser Designs, Inc. Comparative Income Statement Years Ended December 31, 2016 and 2015 Increase (Decrease) Amount Percentage 2016 2015 i Data Table Hooser Designs, Inc Comparative Income Statement Years Ended December 31, 2016 and 2015 2016 2015 Net Sales Revenue $ 430,150 $ 372,000 Expenses Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 202,650 190,000 98,000 93,000 6,000 309,650 289,000 $ 120,500 $ 83,000 9,000 Net Income Print Done 2