Save Homework: ACC-260 Benchmark - Topic 7 Assignment Score: 0 of 10 pts 1 of 6 (complete EC-13 (similar to) Data for McCare Desgres, Inc. foliow mick the icon to view the do) HW Score: 0% 0 of 100 pes Question Help o Requirement 1. Prepare analysis of the comparative income statement of McCreer, Round percentage changes to tredecimal place Round the percentages to reduce pe Xxs hem signor predece) McClane Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 Increase (Decres 2018 2017 Amount Percentage 5 129,750 $ 371.450 Espenses Enter any number in the edities and then click Check Answer 7 1 part Check And . 11.05 1 of 6 (0 complete) G Data Table McClane Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 (Rou om 2017 $ 429,750 $ 373,450 N 20 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses 204,950 187,550 95,350 3,250 96,550 7,450 17 Other Expenses 373 308,950 286,150 Total Expenses 120,800 $ 87,300 Net Income Print Done ind Requirements Round ent 1. Prepare a horizontal analysis of the comparative income statement of McClane Designs, Inc. Round percentage changes to one decimal place. 2. Why did 2018 net income increase by a higher percentage than net sales revenue? and 201 Print Done 3 Homework: ACC-260 Benchmark - Topic 7 As core: 0 of 10 pts 1 of 6 EC-13 (similar to) Data for McClane Designs, Inc. follow. E: (Click the icon to view the data.) Read the requirements. Increase (Decrease) Amount Percentage 2018 2017 Net Sales Revenue $ 429,750 $ 373,450 % % Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 204,950 96,550 7,450 187,550 95, 350 3,250 % % 308,950 286,150 87,300 % Net Income $ 120,800 $ % Enter any number in the edit fields and then click Check Answer. 1 part remaining Clea