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

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A1 Norman Music Co. Comparative Income Statements Years Ended December 31, 2018 and 2017 2018 2017 2 3 Total revenue 4 Expenses: Cost of goods sold Selling and general expenses Interest expense Income tax expense $ 1,080,000 $ 919,000 $ 479,000 289,000 24,500 106,500 899,000 $ 181,000 $ 400,450 260,000 14,500 86,850 761,800 $ 157,200 Total expenses 9. 10 Net income 11