Prepare a horizontal analysis of the comparative income statement of Fashion Music Ltd Round percentage changes to the nearest one-tenth percent (Click the icon to view the comparative income statement.) Fashion Music Ltd. Horizontal Analysis of Comparative Income Statement For the Years Ended December 31, 2020, and 2019 Increase (Decrease) 2020 2019 Amount Percentage 5 Total revenue 403,000 $434,000 % Expenses Cost of goods sold 188,000 199,000 % Selling and general expenses 95 500 88,500 % Interest expense 1,000 13,500 % 34000 46.000 Income tax expense Total expenses 318,500 347.000 $ 84 500$ 87.000 Net Income % 2019 Comparative income statement - X Fashion Music Ltd. Comparative Income Statement For the Years Ended December 31, 2020, and 2019 2020 2019 $ 403,000 $ 434,000 Total revenue Expenses Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses 188,000 $ 95,500 1,000 34,000 318,500 199,000 88,500 13,500 46,000 347,000 84,500 $ 87,000 Net income