Return to question Exercise 9-1 Horizontal analysis LO 9-1 Zachary Corporation reported the following operating results for two consecutive years: 15 points Required a. Compute the percentage changes in Zachary Corporation's income statement components between the two years. (Negative amounts should be indicated by a minus sign. Round your answers to 1 decimal place.(i.e., .234 should be entered as 23.4).) % Answer is complete but not entirely correct. ZACHARY CORPORATION Income Statements 2018 2017 Percentage Change 29,8 % $1.298,000 $1,000,000 600,000 798,270 33.0 499,730 400,000 24.9 304,000 196,000 55.1 Sales Cost of goods sold Gross margin Operating expenses Income before taxes Income taxes Net income (loss) 195,730 204,000 59,5 X 61,500 52,700 16.7 $ 134,230 $ 151,300 88.7 X %