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i Requirements Data for McClane Designs, Inc. follow: E: (Click the icon to view the data.) Read the requirements. 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 thar net sales revenue? Requirement 1. Prepare a horizontal analysis of the comparative income statement of McClane Designs, Inc. Round percentage changes to one decimal place. parentheses to indicate a decrease.) McClane Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 Print Done Increase (Decrease) Amount Percentage 2018 2017 * Data Table $ 431.250 $ 373,000 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses 200,000 97,000 8,350 189,350 92,550 4,000 McClane Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 Other Expenses 305,350 285,900 Total Expenses 2017 125,900 $ 87,100 Net Income S 431.250 $ 373,000 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses 200.000 97,000 8.350 305,350 189,350 92,550 4,000 285,900 Other Expenses Enter any number in the edit fields and then click Check Answer. Total Expenses $ 125,900 $ 87,100 part remaining Net Income Check

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