Requirement 1. Prepare a horizontal analysis of the comparative income statement of MoCormick Designs, Inc. Round percentage changes to one decimal place (Round the percentages to one decim parentheses to indicate a decrease) McCormick Designs, Inc Data Table Comparative Income Statement Years Ended December 31, 2018 and 2017 Increase (Decrease) McCormick Designs, Inc. 2010 2017 Amount Percentage Comparative Income Statement Net Sales Revenue $ 430,150 $ Years Ended December 31, 2018 and 2017 371.150 2018 2017 Expenses Cost of Goods Sold 202,000 109,000 Not Sales Revenue 430,150 S 371,150 Selling and Administrative Expenses 98,650 92.650 Expenses 8.000 3,250 Cost of Goods Sold 202.000 100.000 Other Expenses 308,650 284,800 Selling and Administrative Expenses 98,650 92.560 Total Expenses 3.250 $ 121,500 S Other Expenses 86,350 Net Income 308,650 284,BOO Total Expenses $ 121,500 5 86,350 Net Income 8.000