Question 1

Prepare a horizontal analysis of the following comparative income statement for Westwind Corporation. Round percentage changes to the nearest one-tenth percent.

Westwind Corporation
Comparative Income Statement
For the Years Ended December 31, 2016 and 2015
	2016	2015
Total revenue	$1,400,000	$1,250,000
Expenses:
Cost of goods sold	925,000	$830,000
Operating expenses	313,000	280,000
Interest expense	14,000	12,000
Income tax expense	48,300	38,000
Total expenses	$1,300,300	$1,160,000
Net Income	$99,700	$90,000

Having a bit of difficulites in doing this, can you also provide step of the process? This would be very helpful