Requirement 1. Prepare a horizontal analysis of the comparative income statement of Hooser 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.) Hooser Designs, Inc.. Comparative Income Statement Years Ended December 31, 2024 and 2023 Net Sales Revenue Increase (Decrease) 2024 2023 Amount Percentage $ 430,150 $ 374,000 % Expenses: Cost of Goods Sold Selling and Administrative 205,000 186,250 % Expenses 96,550 94,000 % 8,500 6,850 Other Expenses % 310,050 287,100 Total Expenses % $ 120,100 $ 86,900 Net Income %