Horizontal Analysis of Income Statement The following data (in millions) were taken from the financial statements of Tarrow Corporation: Recent Prior Year Year Revenue $684,336 $636,000 Operating expenses 576,165 541,000 Operating income $108,171 $95,000 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 (in millions) Percent of Change (round to 1 decimal place) Increase or Decrease 1. Revenue % Increase Increase 2. Operating expenses 3. Operating income Increase b. During the recent year, revenue increased and operating expenses increased. As a result, operating income increased from the prior year