Prepare a horizontal analysis of the comparative income statements of Sensible Music Co. Round percentage changes to the nearest one-tenth percent (three decimalplaces).

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Sensible Music Co. Comparative Income Statements Years Ended December 31, 2010 and 2009 2010 2009 Total revenue Expenses: $852,000 912,000 $402,000 $408,000 Selling and general expenses232,000 261,000 Interest expense9,200 10,500 84,000 Total expenes726,200 763,500 S125,800 $148,500 Cost of goods sold.. Income tax expense...83,000 Net income