Requirement 1. Prepare a horizontal analysis of the comparative income statement of Vanline 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.) Variline Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 Amount Increase (Decrease) Percentage Net Sales Revenue $ 428,050 $ 371,150 Expenses: Cost of Goods Sold 204,950 189,000 Selling and Administrative Expenses 97,450 92,000 Variline Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 $ 428,950 $ 371,150 Het Sales Revenue Expenses: Cost of Goods Sold 204,950 189,000 Selling and Administrative Expenses 97,450 92,000 8,000 3,000 Other Expenses 310,400 284,000 Total Expenses $ 118,550 $ 87,150 Net Income 1. Prepare a horizontal analysis of the comparative income statement of Variline Designs, Inc. Round percentage changes to one decimal place. 2. Why did 2024 net income increase by a higher percentage than net sales revenue?