Prepare a comparative common-size income statement for Monroe Music Co. using the 2018 and 2017 data of E12-27B and rounding to four decimal places.

Data from E12-27B

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

Calculate trend percentages for Oak View Sales & Service’s total revenue and net income for the following five-year period, using year 0 as the base year. Round to the nearest full percent.

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A1 Monroe Music Co. Comparative Income Statements Years Ended December 31, 2018 and 2017 2018 2017 2 3 Total revenue 4 Expenses: Cost of goods sold $ 844,000 $ 934,000 $ 404,000 $ 400,000 270,000 234,000 9,300 Selling and general expenses 6. Interest expense Income tax expense 12,000 84,000 86,000 8 731,300 768,000 $ 112,700 $ 166,000 Total expenses 9. 10 Net income 11 (In thousands) Year 4 Year 3 Year 2 Year 1 Year 0 $1,246 $1,093 120 107 $1,025 87 $999 Total revenue Net income $1,400 129 95