Complete a horizontal analysis of the income statement.

Read the requirement Increase (Decrease) Amount Percentage 2019 2018 Revenues Net Sales Revenue $ 300,000 $ 250,000 1,000 300,000 251,000 214,200 170.000 Other Revenues Total Revenues Expenses Cost of Goods Sold Engineering, Selling, and Administrative Expenses Interest Expense Income Tax Expense Other Expenses Total Expenses Net Income 48,000 5.000 3.000 54.000 6,000 9.000 2.700 285.900 14,100 $ 226,000 25,000 Was 2019 a good year or a bad year? Give your reasons