Requirement 1, Prepare a horizontal analysis of the comparative income statement of Vanline, Inc. Round percentage changes to the nearest tenth of a percent, XX%. (Use a minus sign or parentheses for a decrease.) Horizontal Analysis of Comparative Income Statement Years Ended December 31, 2018 and 2017 Increase (Decrease) AmountPercentage 2018 2017 Revenue Expenses: Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses Net income $ 512,000 464,300 236,000 118,800 5,000 37,700 397,500 $77,90066,800 257,000 124,300 4,000 48,800 434,100