Question
Prepare a horizontal analysis of the comparative income statement of O'Shea Music Ltd Round percentage changes to the nearest one tenth percent (Click the icon
Prepare a horizontal analysis of the comparative income statement of O'Shea 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, XX%) O'Shea Music Ltd. Horizontal Analysis of Comparative Income Stateneet For the Years Ended December 31, 2020 and 2019 Comparative income statement Total revenue Expenses 2020 2019 Increase (Decrease) Amount Percentage S 402,000 $ 434.000 Cost of goods sold 180,000 199,000 Selling and general expenses 95.500 87.500 Interest expense 4,500 11.500 33,000 46,500 Income tax expense 313,000 344,500 Total expenses $ 89,000 $ 89.500 et income O'Shea Music Ltd. Comparative Income Statement For the Years Ended December 31, 2020, and 2015 Total revenue Expenses Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses Net income 2020 2019 S 402.000 s 434,000 S 180 000 S 195.000 95.500 07.500 4.500 11.500 33,000 46,500 113,000 344.500 5 09,000 $ 89500
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