= Homework: Chapter 12 - Apply your knowledge Question 1, E12-18A (similar to) > The comparative income statements of O'Neil Music Co. follow: (Click the icon to view the comparative income statements.) O'Neil Music Co. Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2021 and 2020 Data table HW Score: 0%, 0 of 20 points Points: 0 of 10 O'Neil Music Co. Comparative Income Statements Years Ended December 31, 2021 and 2020 Total revenue 2021 2020 $ 1,077,000 $ 917,000 Total revenue Increase (Decrease) 2021 2020 Amount Percentage $ 1,077,000 $ 917,000 | 160000 % Expenses: Cost of goods sold $ 477,000 $ 408,750 Selling and general expenses 287,000 267,000 Expenses: Interest expense 23,500 13,500 Cost of goods sold 477,000 408,750 68250 % 105,500 84,650 Income tax expense Selling and general expenses 287,000 267,000 20000 % 893,000 773,900 Total expenses Interest expense 23,500 13,500 10000 % $ 184,000 $ 143,100 Net income 105,500 84,650 20850 Income tax expense % 893,000 773,900 119100 Total expenses % 184,000 $ 143,100 40900 Net income % Print Done - Save Music Co. Round percentage for decreases. Round percentage s in any of the input fields.) all Check answer