0 Data Table ncome statem und the percentages to on McClane Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 d 2017 2017 D17 Net Sales Revenue $ 431,500 $ 373,750 373,750 Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses 187,000 91,050 2,150 280,200 204,000 100,250 7,450 311,700 119,800 $ 187,000 91,050 2,150 280,200 93,550 Total Expenses Net Income 93,550 Print Done Clear All ome statement of McClane Designs, Inc. Round percentage changes to one decimal place. (Round the percentages to i Requirements 2017 3,750 1. Prepare a horizontal analysis of the comparative income statement of McClane Designs, Inc. Round percentage changes to one decimal place. 2. Why did 2018 net income increase by a higher percentage than net sales revenue? 7.000 1,050 Print Done 2,150 0,200 3,550 Requirement 1. Prepare a horizontal analysis of the comparative income statement of McClane Designs, Inc. Round percentage changes to one decimal place. Round the percentages to one dei parentheses lo indicate a decrease) McClane Designs, Ine. Comparative Income Statement Years Ended December 31, 2018 and 2017 Increase (Decrease) 2018 2017 Amount Percentage Not Sales Revenue $ 431,500 $ 373,750 Expenses Cost of Goods Sold Selling and Administrative Expenses Other Expenses 204,000 100,250 7.450 187,000 91,050 2.150 280,200 Total Expenses 311,700 119,500 $ 93,550 Net Income