Prepare a horizontal analysis of the following comparative Income statement of O'Neil Tutoring Inc. Round percentage changes to the nearest one-tenth percent (three decimal places): (Click the Icon to view the comparative Income statement.) Why was the peronntage increase in net income higher than that in total revenue during 20207 Show O'Neill's horizontal analysis of net sales and expenses. (Round percentages to one decimal place.) O'Neil Tutoring Inc. Horizontal Analysis of Comparative Income Statement For the Years Ended December 31, 2020 and 2019 Increase Decrease) 2020 2010 Amt % $ Net sales 549,000 $ 465.000 Expenses Cost of goods sold 239.000 212,000 Selling and general expenses 150.000 145,000 Interest expense 12,000 6,000 Wages expense 55,000 49,000 Total expenses 456,000 412,000 Net income 93,000 $ 53,000 Net income increased by a much higher percentage than total revenues during 2020 because increased at a faster rate than did