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Prepare a horizontal analysis of the comparative income statement of McCormick Music Ltd. Round percentage changes to the nearest one-tenth percent (Click the icon to

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Prepare a horizontal analysis of the comparative income statement of McCormick Music Ltd. Round percentage changes to the nearest one-tenth percent (Click the icon to view the comparative income statement.) (Use a minus sign or parentheses for decreases. Enter the percentage changes as a percent, rounded to one decimal place, X.X%.) McCormick Music Ltd. Horizontal Analysis of Comparative Income Statement For the Years Ended December 31, 2017, and 2016 Increase (Decrease) 2017 2016 Amount Percentage 402.000 $ 431.000 $ (29,000) % $ Total revenue Expenses: Cost of goods sold Selling and general expenses Interest expense 198,000 % % 186.000 94,500 4,000 34,000 318,500 86,500 13,500 45,500 (12,000) 8,000 (9,500) (11,500) % Income tax expense Total expenses % (25,000) 343,500 87.500 % Net income $ 83,500 $ (4000) % Enter any number in the edit fields and then click Check Answer. All parts showing Clear All esc

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