% E12-27B (similar to) Question Help The comparative income statements of Running Music Co. follow: (Click the icon to view the comparative income statements.) Requirement Prepare a horizontal analysis of the comparative income statements of Running Music Co. Round percentage changes to the nearest one-tenth percent. (Use a minus sign or parentheses for decreases. Round percentage changes to the nearest one-tenth percent, X.X%.) Running Music Co. Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2018 and 2017 Increase (Decrease) Amount Percentage 2018 2017 844,000 $ 934,000 $ % Total revenue Expenses: Cost of goods sold Selling and general expenses 404,000 400,000 % 234,000 269,000 % Interest expense % 9,300 84,000 12,000 86,000 Income tax expense % 731,300 767,000 Total expenses % $ 112,700 $ 167,000 Net income % Enter any number in the edit fields and then click Check Answer. All parts showing Clear All Check Answer % E12-27B (similar to) Question Help The comparative income statements of Running Music Co. follow: (Click the icon to view the comparative income statements.) Data Table rative income statements of Running Music Co. Round percentage changes to us sign or parentheses for decreases. Round percentage changes to the Running Music Co. Horizontal Analysis of Comparative Income Statement Years Ended December 31, 2018 and 2017 Running Music Co. Comparative Income Statements Years Ended December 31, 2018 and 2017 2017 Incr 2018 844,000 $ $ 934,000 Total revenue Amoy 2018 2017 844,000 $ 934,000 $ Expenses: Cost of goods sold Selling and general expenses $ 404,000 $ Total revenue Expenses: Cost of goods sold Selling and general expenses 400,000 234,000 269,000 404,000 400,000 Interest expense 234,000 269,000 9,300 84,000 12,000 86,000 Interest expense Income tax expense 9,300 84,000 12,000 86,000 731,300 Total expenses Income tax expense 767,000 731,300 767,000 $ 112,700 $ 167,000 Total expenses Net income $ 112,700 $ 167,000 Net income Print Done Enter any number in the edit fields and then click Check Answer. All parts showing Clear All Check