Data for

Mill

Designs, Inc. follow:

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Requirement 1. Prepare a horizontal analysis of the comparative income statement of

Mill

Designs, Inc. Round percentage changes to one decimal place. (Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.)

Mill Designs, Inc.
Comparative Income Statement
Years Ended December 31, 2018 and 2017
			Increase (Decrease)
	2018	2017	Amount	Percentage
Net Sales Revenue	$430,000	$374,650			%
Expenses:
Cost of Goods Sold	203,000	189,350			%
Selling and Administrative Expenses	100,250	95,000			%
Other Expenses	5,000	2,500			%
Total Expenses	308,250	286,850			%
Net Income	$121,750	$87,800			%

Mill Designs, Inc.

Comparative Income Statement

Years Ended December 31, 2018 and 2017

2018

2017

Net Sales Revenue

$430,000

$374,650

Expenses:

Cost of Goods Sold

203,000

189,350

Selling and Administrative Expenses

100,250

95,000

Other Expenses

5,000

2,500

Total Expenses

308,250

286,850

Net Income

$121,750

$87,800