Horizontal Analysis of Income Statement The following data (in millions) were taken from the financial statements of Tarrow Corporation: Recent Year Prior Year Revenue $564,972 $529,000 Operating expenses 485,100 450,000 $79,000 Operating income $79,872 a. For Tarrow Corporation, determine the amount of change in millions and the percent of change from the prior year to the recent year for: 1. Revenue 2. Operating expenses 3. Operating income (For those boxes in which you must enter negative numbers use a minus sign. Round percentage answers to one decimal place.) Amount of Change Percent of Change (in millions) (round to 1 decimal place) Increase or Decrease 1. Revenue % 2. Operating expenses 3. Operating income b. During the recent year, revenue and operating expenses As a result, operating income , from the prior year