lems a Saved The income statements for Urban Outfits, Inc. are presented below. Urban Outfits, Inc. Income Statements Year Ended December 31 Current Year Sales revenue $ 836,559 Cost of goods sold 421,537 Gross profit 415,022 Operating and other expenses 148, 286 Interest expense 8,150 Income tax expense 52,6ee Net income $ 205,986 Prior Year $ 772,698 391,267 381,431 135,548 21, see 50,700 $173, 391 Prepare a horizontal analysis of the income statement above. (Enter your answers to the nearest whole percent (l.e. enter 0.12 12.)) URBAN OUTFITS, INC Income Statements Year Ended December 31 Increase (Decrease) Prior Year Amount Percent (%) Current Year $ 836.550 421.537 Sales Revenue Cost of Goods Sold Gross Profit Operating and Other Expenses 416,022 S 772.698 301.287 281,431 125.540 21.800 148.238 8.150 62.600 Interest Expense 50.700 Sense 07:48 Sales revenue Cost of goods sold Gross profit Operating and other expenses Interest expense Income tax expense Net income Current Year $ 836,559 421,537 415,022 148, 286 8,150 52,600 $ 205,986 Prior Year $ 772,698 391,267 381,431 135, 540 21,800 50, 700 $173,391 Prepare a horizontal analysis of the income statement above. (Enter your answers to the nearest whole percent (l.e., enter 0.12 as 12.)) URBAN OUTFITS, INC Income Statements Year Ended December 31 Sales Revenue Cost of Goods Sold Gross Profit Operating and Other Expenses Interest Expense Income Tax Expense Net Income Increase (Decrease) Current Year Prior Year Amount Percent (%) S836,550 $772,698 421.537 391.267 415,022 381.431 148,286 135.540 8.150 21.800 52.800 205.986 173,3911 50.700