Homework: ASSIQnment 14 Score: 0 of 5 pts E12-16A (similar to) Save 1 of 4 (0 complete)> Hw Score: 0%, 0 of 20 pts Question Help The comparative income statements of Running Music Co. follou EE (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 changes to the nearest one-tenth percent. (Use nearest one-tenth percent, XX%.) a minus sign or parentheses for decreases. Round Running Music Co. Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2018 and 2017 Increase (Decrease) 2018 2017 Amount Percentage Total revenue $844,000 S 934,000 Expenses: Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses 404,000 400,000 234,000 261,000 9,300 12,000 86,000 731,300 759,000 112,700S 175,000 84,000 Net income Enter any number in the edit fields and then click Check Answer All parts showing Clear AI Check Answer Data Table Running Music Co. Comparative Income Statements Years Ended December 31, 2018 and 2017 2018 2017 Total revenue $844,000 $934,000 Expenses Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses 404,000 $ 400,000 261,000 12,000 86,000 759,000 $112,700 $175,000 234,000 9,300 84,000 731,300 Net income Print Done