uicial Slatement Anaiysis rev. Score: 0 of 1 pt 2 of 4 (4 complete) E14-12A (similar to) Prepare a horizontal analysis of the following comparative income statement of Dreams Designs. (Click the icon to view the comparative income statement.) Why did net income increase by a higher percentage than net sales revenue during 20147 Show Dreams's horizontal analysis of net sales and expenses. (Round the percentages to the nearest hundredth percent.) Dreams Designs Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2014 and 2013 (amounts in thousands) Increase / (Decrease) Amount Percent 2014 2013 s 466,216 404,000 221,810 205,000 1% Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes Less: Income tax expense s 244,406 199,000 107.712 102,000 11 ]% 1 $ 136,694 $ 97,000 8,000 11,500 s 125,194 89,000 18,904 14,000