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Create a horizontal analysis of the cost of goods sold of Kahn. Inc. ( round to one decimal place) 4 pts Data for Kahn, Inc.

Create a horizontal analysis of the cost of goods sold of Kahn. Inc. ( round to one decimal place)

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4 pts Data for Kahn, Inc. follows: Kahn, Inc. Comparative Income Statement Years Ended Dec. 31, 2019 and 2018 2019 2018 Net Sales Revenue $550,000 $500,000 Expenses: Cost of Goods Sold 245,000 220,000 Selling and Administrative Expenses 100,000 96,000 Other Expenses (Interest Expense) 12,000 9,000 Income Tax Expense 58,000 47,000 Total Expenses $415,000 $372,000 Net Income $135,000 $128,000 Prepare a horizontal analysis of the Cost of Goods Sold of Kahn, Inc. (Round to one decimal place.)

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