E17-15 (similar to) Data for Variline Designs, Inc. follow: E (Click the icon to view the data.) RequIraments Prepare a horizontal analysis of the comparative income statement of Variline Designs, Inc. Round Why did 2016 net income increase by a higher percentage than net sales revenue? 1. 2. Requirement 1. Prepare a horizontal analysis of the comparative income staternent of Variline Designs, Inc parentheses to indicate a decrease.) Variline Designs, Inc. Comparative Income Statement Years Ended December 31, 2016 and 2015 Increase (Decrease) 2016 2015 Amount Percentage Net Sales Revenue 431,000 S 374,650 Expenses: Cost of Goods Sold 203,850 187,000 Selling and Administrative Expenses 98,650 92,000 5,450 4,650 Other Expenses 307,950 283,650 Total Expenses 123,050 $ Net Income 91,000 Enter any number in the edit fields and then click Check Answer, part remaining nt of V wet sale i Data Table nd the percentages to one de e statem Variline Designs, Inc. Comparative Income Statement Years Ended December 31, 2016 and 2015 2016 2015 015 Net Sales Revenue $ 431,000 $ 374,650 Expenses: Cost of Goods Sold 187,000 4,650 203,850 Selling and Administrative Expenses 98,650 92,000 5,450 4,650 37,000 Other Expenses 92,000 307,950 283,650 Total Expenses 4,650 123,050 S 91,000 Net Income 83,650 91,000 Print Done er. Clear All MacBook Air II F8 F4 F6 F7 F9 F10 & 7. 8 9