to on Data Table Mulberry Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 - X 2017 Net Sales Revenue $ 431,000 $ 372,350 Expenses Cost of Goods Sold 203,850 186,000 Selling and Administrative Expenses 99,000 93,250 9,000 Other Expenses 4,650 Total Expenses 311,850 283,900 $ 119,150 $ 88,450 Net Income Requirements Print Done - X 1. 2. Prepare a horizontal analysis of the comparative income statement of Mulberry Designs Inc. Round percentage changes to one decimal place. Why did 2018 net income increase by a higher percentage than net sales revenue? Print Done sign or p Data for Mulberry Designs, Inc, follow (Click the icon to view the data.) Read the requirements Requirement 1. Prepare a horizontal analysis of the comparative income statement of Mulberry Designs, Inc. Round percentage changes to one decimal place. (Round the percentages to one dem Mulberry Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Amount Increase (Decrease) Percentage $ 431,000 $ 372.350 Net Sales Revenue Expenses Cost of Goods Sold 203,850 186,000 Selling and Administrative Expenses 99.000 93,250 9.000 4,650 Other Expenses 311,850 283,900 Total Expenses $ 119,150 $ 88,450 Net Income Requirement 2. Why did 2018 net income increase by a higher percentage than net sales revenue? Net income increased by a higher percentage than total net sales revenue during 2018 because revenues and expenses remained the same revenues increased at a higher rate than total expenses revenues increased at a lower rate than total expenses total expenses increased at a higher rate than revenues ome statement of Mulberry Designs, Inc. Round percentage changes to one decimal place (Round the percentagen to one decimal place, XX% Use a minus sign or parentheses to indicate a decrease) 2017 17 72.350 Increase (Decrease) Amount Percentage 86.000 93,250 4,650 83,000 88,450 % antage than net sales revenus? enue during 2010 because revenues and expenses remained the same revenues increased at a higher rate than total expens revenues increased at a lower rate than total expenses total expenses increased at a higher rate than revenues