Solve Requirements 1 and 2

Data for Mariner Designs, Inc., follow: MARINER DESIGNS, INC. Comparative Income Statement Year Ended December 31, 2012 and 2011 2012 2011 Net sales revenue 431,000 $ 372, Expenses: Cost of goods sold Selling and general expenses Other expense Total expense s 200,000$ 187,550 91,050 6,850 $307,350$ 285,450 $123,650 $ 86,900 9,000 8,350 Net income Requirements 1. Prepare a horizontal analysis of the comparative income statement of Mariner Designs, Inc. Round percentage changes to one decimal place Why did 2012 net income increase by a higher percentage than net sales revenue? 2