Prepare a horizontal analysis of the comparative income statement of Keesha Shoes Inc. Round percentage changes to the nearest one-tenth percent (three decimal places).
Why was the percentage increase in net income higher than that in total revenue during 2014?

KEESHA SHOES INC. Income Statement For the Years Ended December 31, 2014 and 2013 2013 Net sales $533,000 465,000 202,000 6,000 Expenses Cost of goods sold Selling and general expenses Interest expense Wages expense 235,000 140,000 10,000135,000 41,000 Total expenses 436,000 34000 Net income $ 81,000