Data for Vertine Designs, Inc. foliow (Click the icon to view the data), Read the requirements Requirement 1. Prepare a horizontal analysis of the comparative income statement of Verfine Designs, Inc. Round percentage changes to one decimal place lound the percemages to one decimal place, S parentheses to indicate a decrease ) Verifine Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 increase (Decrease) Amount Percentage 2024 432.000 1 2023 371,000 Net Sales Revenue Expenses Cost of Goods Sold 200,000 165.750 Selling and Administrative Expenses 100,000 64,750 7,000 4.000 Other Expenses 210,000 387,500 Total Expenses 122,000 83,500 Net Income $ analysis of the comparative income a Verifine Designs, Inc. mparative Income Statement nded December 31, 2024 and 2023 2024 2023 S Les 432,000 $ 203,000 100,000 7,000 310,000 122,000 $ 371.000 188,750 94,750 4,000 287,500 83,500 Data table Verifine Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2025 2024 2023 $ 432,000 $ 371.000 203,000 188,750 100,000 7,000 310.000 S 122,000 5 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Experises Net Income Print Done 94,750 4.000 287,500 83,500 Clear all Check answer the comparative income statement of Verifine Designs, Inc. Round percentage changes to one decimal places Pound the partager Designs, Inc. - X Requirements Income Statement mber 31, 2024 and 1. Prepare a horizontal analysis of the comparative income statement of Verifine Designs, Inc. Round percentage changes to one decimal place 2024 202 2. Why did 2024 net income increase by a higher percentage than net sales revenue? 432,000 $ 37 18 Print Done 203,000 100,000 7,000 9 28 310,000 122,000 $ 83,500