11. Use the balance sheet below and complete the Increase/Decrease Amount and Percentage columns to perform a Horizontal Analysis. Round your answers to one decimal place if rounding is needed. (25 Points)

Quidditch Corporation Comparative Income Statement Years Ended December 31, 2016 and 2015 Increase (Decrease) 2016 2015 Amount Percentage Net Sales Revenue $230,000 $200,000 Expenses: Cost of Goods Sold 75,000 85,000 Selling and Administrative Expenses 16,000 15,000 Other Expenses 6,000 3,000 Total Expenses 97,000 | 103,000 Net Income $133,000 $97,000