Requirement 1. Prepare a horizontal analysis of the comparative income statement of Micatin Designs, Inc. Round place. (Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decreas Micatin Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 Increase (Decrease) 2024 2023 Amount Percentage Net Sales Revenue $ 428,950 $ 375,750 53200 % Expenses: Cost of Goods Sold 200,000 186,250 13750 % Selling and Administrative Expenses 97,450 92,550 4900 % 8,000 3,000 5000 Other Expenses % 305,450 281,800 23650 Total Expenses % $ 123,500 $ 93,950 Net Income 29550 %