please do requierment 1 and 2

3E2-IZA (simillar to) Below is the comparative income statement of Mariner, Inc (Click the icon to view the comparative income statement.) Read the requirements Requirement 1. Prepare a horizontal analysis of the comparative income statement of Mariner, Inc. Round Mariner, Inc. Horizontal Analysis of Comparative Income Statement Years Ended December 31, 2018 and 2017 Increase (Decrease) Amount Percentage 2017 2018 S 495,000 411,100 Revenue Expenses 235,000 252,000 Cost of goods sold 126,000 120,000 Selling and general expenses 3,000 6,500 Interest expense 41,200 51,200 Income tax expense 399,200 435,700 Total expenses 59,300 s 11,900 Net income Enter any number in the edit fields and then click Check Answer. remaining 1 of 6 (1 complete) i Data Table Mariner, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 (Us 2018 2017 495,000 $ 411,100 Revenue Expenses: 252,000 235,000 126,000 120,000 6,500 3.000 Cost of goods sold Selling and general expenses Interest expense 51,20041,200 Income tax expense 435,700399,200 Total expenses $ 59,30011,900 Net income Print Done 1 of 6 (1 complete) ment of Mariner, Inc. Round percentage changes to the nearest tenth of a percent, XX% 0 Requirements Prepare a horizontal analysis of the comparative income statement of Mariner, Inc. Round percentage changes to the nearest tenth of a percent. Why did net income increase by a higher percentage than total revenues increased during 2018? 1. 2. Print Done