Prepare a horizontal analysis of the following comparative income statement of The Dreams Group. ?(Click the icon to view the comparative income statement.) Why did net income increase by a higher percentage than net sales revenue during 2017? Show Dreams's horizontal analysis of net sales and expenses. (Round the percentages to the nearest hundredth percent.) The Dreams Group Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2017 and 2016 Increase I(Decrease) Amount 2017 2016 Percent Sales revenues Less: Cost of goods sold Gross proft Less: Operating expenses Operating income Less: Interest Income before income taxes Less: Income tax expense Net income Why did net income increase by a higher percentage than net sales revenue during 2017? Net income increased by a much higher percentage than total revenues during 2017 because $ 426,411371,600 166,600 $245,650 $205,000 180,761 100,13095,000 $145,520 $110,000 7,000 $ 135,370 $103,000 28,000 $ 97,185$ 75,000 10,150 expense 38,185 V increased at a higher rate than did Data Table The Dreams Group Income Statement For the Years Ended December 31, 2017 and 2016 (amounts in 2017 2016 Sales revenues S 426,411 S 371,600 80,761 166,600 Less: Cost of goods sold Gross proft Less: Operating expenses Operating income Less: Interest expense Income before income taxes Less: Income tax expense Net inoome S 245,650 S 205,000 100,130 95,000 S 145,520 S 110,000 7,000 S 135,370 S 103,000 28,000 S 97,185 S 75,000 10,150 38.185 Print Done