Requirement 1. Prepare a horizontal analysis of the comparative income statement of Verifine Designs, Inc. Round percentage changes to one decimal place. (Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.) Verifine Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 Increase (Decrease) 2024 2023 Amount Percentage Net Sales Revenue $ 432,000 $ 373,450 % Expenses: Cost of Goods Sold 203,000 190,000 % Selling and Administrative Expenses 96,000 92,000 % 9, 150 3,250 Other Expenses % 308, 150 285,250 Total Expenses $ 123,850 $ 88,200 Net Income %