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Financial Statement Analysis Perform horizontal analysis of revenues, expenses, and net income Regan Corporation reported the following amounts on its 2018 comparative income statements: (In

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Financial Statement Analysis Perform horizontal analysis of revenues, expenses, and net income Regan Corporation reported the following amounts on its 2018 comparative income statements: (In thousands 2018 2017 2016 Revenues 20,47720,997 $ 18,600 0,915 10,23810,100 Expenses Net income5 9562 5 10,759 5 8,500 Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong. Requirement Perform a horizontal analysis of revenues, expenses, and net income both in dollar amounts and in percentages-for 2018 and 2017 a. Enter decreases (in dollars and percentages) as negative values. b. Use cell references from prior calculations, if applicable Perform a horizontal analysis of revenues, expenses, and net income - both in dollar amounts and in percentages -for 2018 and 2017. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong. Use cell references from prior calculations, if applicable.) 2017 %Change 2018 $Change %Change $Change Revenues Expenses Net income

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