Requirement Prepare a horizontal analysis of the comparative income statements of O'Shea Music Co. Round percentage changes to the nearest one-tenth percent Use a minus sign or parentheses for deceases. Round percentage changes to the nearest one-tenth percent, XX% ) Check Answer Clear A 1130 AM ea E12-16A (similar to) The comparative income statements of O'Shea Music Co. follow (click the icon to view the comparative income statements ) Shea Music Co. Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2018 and 2017 Increase (Decrease) Amount Percentage 2018 2017 S 844,000 $ 934,000 Total revenue Expenses: Cost of goods sold Selling and general expenses Interest expense ][ L__JC_-% 404,000 400.000[ ]% 234 000 261.000 9.30012,000 ! --[ Enter any number in the edit fields and then click Check Answer All parts showing Clear A ype 2 1 of 6 core: 0 of 5 pts E12-16A (similar to The comparative income statements of O'Shea Music Co. follow EB (Click the icon to view the comparative income statements) Increase (Decrease) 2018 2017 Amount Percentage S 844,000 S 934,000 Total revenue Expenses: Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses [ ][ ]% 404.000 400,000 234,000 261,000 9300 12000 84.000 86 000 731.300 759 000 S 112.700 $ 175 000 Net income Enter any number in the eait flelds and then click Check Answen All parts showing ear A 1 of 6 (1 complete) Data Table Comparative Income Statements Years Ended December 31, 2018 and 2017 2017 2018 S844.000 S 934,000 Total revenue Expenses: Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses S 404 000 S400.000 261.000 12.000 86 000 234.000 9 300 84 000 731.300 759 Net income