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Data for Variline Designs, Inc. follow: E: (Click the icon to view the data.) Read the requirements Requirement 1. Prepare a horizontal analysis of the comparative income statement of Variline Designs, Inc. Round percentage changes to one decimal place. (Round the percentages to one decimal place, XX%. Use a minus sign or parentheses to indicate a decrease.) Variline Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 Data Table - X Increase (Decrease) Amount Percentage 2018 2017 $ 432,550 $ 373,750 Requirements - X Variline Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 % Net Sales Revenue Expenses Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 202,000 96,000 7,000 185,000 95,000 6,000 2017 1. Prepare a horizontal analysis of the comparative income statement of Variline Designs, Inc. Round percentage changes to one decimal place. 2. Why did 2018 net income increase by a higher percentage than net sales revenue? $ 432,550 $ 373,750 305,000 286,000 % $ 127,550 $ 87,750 Net Income Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses 202,000 185,000 Print Done 96,000 7,000 95,000 6,000 Total Expenses 305,000 286,000 $ 127,550 $ 87,750 Net Income Print Done Enter any number in the edit fields and then click Check