Prepare a horizontal analysis of the following comparative income statement of The Sunny Day Group. Click the icon to view the comparative income statement.) Why did net income increase by a higher percentage than net sales revenue during 2020? The Sunny Day Group Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2020 and 2019 (amounts in thousands) Increase / (Decrease) 2020 2019 Amount Percent Sales revenues $ 494,208 $ 429,000 % 172,640 160,000 Less: Cost of goods sold % Gross profit $ 321,568 $ 269,000 % Less: Operating expenses 143,370 135,000 % Operating income $ 178,198 $ 134,000 % 7,500 6,000 Less: Interest expense % Income before income taxes $ 170,698 $ 128,000 % Less: Income tax expense 33,990 24,000 % $ 136,708 $ 104,000 Net income % Why did net income increase by a higher percentage than net sales revenue during 2020? Net income increased by a much higher percentage than total revenues during 2020 because increased at a higher rate than did