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Prepare horizontal analysis on income statement below: Pfizer Inc (NYS: PFE) Report Date 2020 2019 2018 Revenues 41,908,000 51,750,000 53,647,000 Cost of sales 8,692,000 10,219,000

Prepare horizontal analysis on income statement below:

Pfizer Inc (NYS: PFE)
Report Date 2020 2019 2018
Revenues 41,908,000 51,750,000 53,647,000
Cost of sales 8,692,000 10,219,000 11,248,000
Gross Profit 33,216,000 41,531,000 42,399,000
Selling, informational & administrative expenses 11,615,000 14,350,000 14,455,000
Research & development expenses 9,405,000 8,650,000 8,006,000
Amortization of intangible assets 3,436,000 4,610,000 4,893,000
Restructuring charges & certain acquisition-related costs 600,000 747,000 1,044,000
Gain (loss) on completion of Consumer Healthcare JV transaction 6,000 8,086,000 -
Interest income 73,000 226,000 333,000
Interest expense 1,449,000 1,574,000 1,316,000
Royalty-related income 770,000 648,000 495,000
other expenses 63,000 2,878,000 1,628,000
Income (loss) from continuing operations before provision for taxes on income 7,497,000 17,682,000 11,885,000
Provision (benefit) for taxes on income 476,000 1,384,000 706,000
Income (loss) from continuing operations after provision for taxes on income 7,021,000 16,298,000 11,179,000
Income (loss) from discontinued operations - net of tax 2,631,000 4,000 9,000
Net income before allocation to noncontrolling interests 9,652,000 16,302,000 11,188,000
Less: net income attributable to noncontrolling interests (36,000) (29,000) (35,000)
Net income attributable to Pfizer Inc. 9,616,000 16,273,000 11,153,000

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