Directions: Preform a Horizontal Analysis of the income statements based on the information provided below Daffy and Friends Income Statement 2018 2017 Sales $350,000 $200,000 Cost of Goods Sold 200,000.00 124,000.00 Selling Expenses 35,000.00 20,000.00 Administrative Expenses 22,000.00 18,000.00 Interest Expense 8,500.00 8,000.00 Total Expenses $265,500 $170,000 Income Before Taxes 84,500.00 30,000.00 Income Tax Expense 3,000.00 3,000.00 Net Income $81,500 $27,000

help find the following

Daffy and Friends

Horizontal Analysis of Income Statements

Percent Change over 2018

Sales

Cost of Goods Sold

Selling Expense

Administrative Expenses

Interest Expense

Total Expense

Income Before Taxes

Income Taxes Expense

Net Income (loss)