Regan Corporation reported the following amounts on its 2021 comparative income statements: Perform a horizontal analysis of
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Regan Corporation reported the following amounts on its 2021 comparative income statements:
Perform a horizontal analysis of revenues, expenses, and net income—both in dollar amounts and in percentages—for 2021 and 2020.
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(In thousands) Revenues. Expenses. Net income.. 2021 $20,477 10,915 $ 9,562 2020 $20,997 10,238 $10,759 2019 $18,600 10,100 $ 8,500
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