Homework Chapter 12 Homework The comparative income statements of O'Neil Music Co. fotow (Click the soon to view the comparative incomments) Question 2, E12-18A (similar to) Requirement HW Score: 20%. 1 of 5 points O Points of t Save Prepare a horizontal analysis of the comparative income vatements of ONet Music Co. Round percentage changes to the nearest one-tenth percent (Use a minus sign or parentheses for doomas Round pre changes to the rearest one-tenth percent, XX% Do not enter the % symbols in any of the input faids O'Neill Music Co. Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2021 and 2020 Increase (Decrease) 2021 2020 Amount Percentage $ 1.000.000 $ 10.000 Total revenue Expenses Cost of goods sold 479.000 400,450 Selling and general expenses 280.000 264,000 Interest expense 24.500 14,500 106.500 86.850 Income tax expense 899,000 765.000 Total expenses Net Income Data table O'Neil Music Co. Comparative Income Statement Years Ended December 31, 2021 and 2020 2021 $ 1.000.000$ 2020 919.000 Total revenue Expenses Cost of goods sold 479,000 $ 400 450 Selling and general expenses 200,000 264.000 Interest expense 24.500 14,500 106,500 86,850 Income tax expense 800.000 745.800 Total expenses 181,000 1 153,200 181,000 $ 153,200 Net income Help me solve this Etext pages Get more help- Print Done Clear all Check answer