> Exercises E17-13 Performing horizontal analysisincome stat Data for Mulberry Designs, Inc. follow: Learning Objective 2 1. Net Income 3479 MULBERRY DESIGNS, INC. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 $372,350 $ 431,000 Net Sales Revenue Expenses Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses Net Income 203,850 99,000 9,000 311,850 $ 119,150 186,000 93,250 4,650 283,900 $ 88,450 tement of Mulber Requirements 1. Prepare a horizontal analysis of the comparative income statement of Designs, Inc. Round percentage changes to one decimal place. 2 Why did 2018 net income increase by a higher percentage than net sales revenue