Requirement 1. Prepare a horizontal analysis of the comparative income statement of Mill Designs, Inc. Round percentage changes to one decimal place. (Round the percentages to one decimal place, X Mill Designs, Inc. Comparative income Statement Years Ended December 31, 2024 and 2023 Data table 2024 2023 Increase (Decrease) Amount Percentage Net Sales Revenue $ 429,750 $ 371,150 Expenses: Cost of Goods Sold 204,000 188,750 Selling and Administrative Expenses 100,050 91,000 6,000 3,250 Other Expenses 310,050 283,000 Total Expenses $ 119,700 $ 88,150 Net Income Mill Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 Net Sales Revenue $ 429,750 $ 371,150 Expenses: Cost of Goods Sold 204,000 188,750) Selling and Administrative Expenses 100,050 91,000 6,000 3,250 Other Expenses 310.050 283,000 Total Expenses $ 119,700 $ 88,150 Net Income Print Done