Requirement 1. Prepare a horizontal analysis of the comparative income statement of Muscateer 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.) Muscateer Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 Increase (Decrease) Net Sales Revenue Expenses: 2024 2023 Amount Percentage $ 429,750 $ 371,000 % Cost of Goods Sold 204,000 188,750 % Selling and Administrative Expenses 96,550 93,000 % Data table 8,500 5,000 Other Expenses % 309,050 286,750 Total Expenses % $ 120,700 $ 84,250 Net Income % Muscateer Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 $ 429,750 $ 371,000 Net Sales Revenue Expenses: Cost of Goods Sold 204,000 188,750 Selling and Administrative Expenses 96,550 93,000 8,500 5,000 Other Expenses 309,050 286,750 Total Expenses $ 120,700 $ 84,250 Net Income Print Done -