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Problem 12-2A Perform horizontal analysis (L012-2) The income stetements for Anything Tennis for the years ending December 31, 2018 and 2017, are provided below. Required:
Problem 12-2A Perform horizontal analysis (L012-2) The income stetements for Anything Tennis for the years ending December 31, 2018 and 2017, are provided below. Required: 1. Complete the "Amount" and "%. columns to be used in a horizontal analysis ot the income statements lor Anything Tennis. (D creases should b Indicated by a minus sign. Round your percentage answers to 1 dClmal place ANYTHING TENNIS Income Statements For the Years Ended December 31 Increase (Decrease) 2018 2017 Net seles S 3,575,000 2680,000 2,180 00D 1,395,00 Grose proht 1,395.c0D 1.285,000 Operating expenses 25.000 642,000 Operaling income 570,000 43,000 10,600 6,300 Other income (expense) Income brfre tax 580.800 649,300 Income lax expense 01,500 43.000 S 7B,100 50,300 Net income
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