Percentage Change Horizontal Analysis of Income Statements 2019 2018 Revenues Sales (net) $ 231,500 $ 211,000 Other revenues 8.700 6,600 Total revenues 240,200 217.600 Expenses Cost of goods sold 119.900 102.200 Selling, general, and administrative expenses 54,600 48.700 Interest expense 7,900 7.100 Income tax expense 21,800 20,800 Total expenses 204.2001 178.800 Net income (loss) 38,000 $ 38,800