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Follow the instructions explained in class for Horizontal Analysis on how to analyze accounts. Based on the Income Statement below answer the following question: What
Follow the instructions explained in class for Horizontal Analysis on how to analyze accounts. Based on the Income Statement below answer the following question: What is the change percentage from one year to the other on Total Cost and Expenses? * for your answer round to the whole number DO NOT use decimals, percentage signs, dollar signs not periods nor commas. l.e. (11) INCOME STATEMENT Fiscal Year in thousands of dollars 2020 2019 $3.722.000 $3.460.240 1.550.000 1.230.000 625 500 135 400 82.500 45.700 1.450.000 1.150.000 5251 300 165 500 82.500 38.900 Revenues Costs and expenses: Cost of sales Labor expenses Other operating costs and expenses General and admirustrative expenses. Depreciation and amortization expenses Preopening costs Total costs and expenses Income from operations Interest expense Interest Income Other (expense income.net Income before income laxes Income tax provision Net income 10.800 1.050 -600 -16.900 1.900 500 6.383 4.881
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