Horizontal analysis (trend analysis) percentages for Phoenix Company's sales revenue, cost of goods sold, and expenses are listed here. Horizontal Analysis Sales revenue Cost of goods sold Expenses 2019 96.2 % 101.0 105.6 2018 104.8 % 98.0 95.4 2017 100.0 % 100.0 100.0 Explain whether Phoenix's net income increased, decreased, or remained unchanged over the 3-year period