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2. The comparative income statements of Dancing Music Co. Requirement follow Prepare a horizontal analysis of the comparative income Click the icon to view the comparative income statements.) statements of Dancing Music Co. Round percentage changes to the nearest one-tenth percent. (Use a minus sign of parentheses for decreases. Round percentage changes to the nearest one-tenth percent, XX%) % Dancing Music Co. Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2018 and 2017 Increase (Decrease) 2018 2017 Amount Percentage Total revenue $ 844.000 S 934.000 Expenses: Cost of goods sold 404.000 400.000 Selling and general expenses 234.000 270.000 Interest expense 9.300 12.000 84,000 86.000 Income tax expense Total expenses 731,300 768.000 Net income $ 112,700 5 166.000 2: Data Table Dancing Music Co. Comparative Income Statements Years Ended December 31, 2018 and 2017 2018 2017 Total revenue $ 844,000 $934,000 Expenses: Cost of goods sold 404,000 $ 400.000 Selling and general expenses 234.000 270,000 Interest expense 9,300 12,000 Income tax expense 84.000 86,000 Total expenses 731,300 768.000 112.700 $ 166,000 Net income