round to 2 decimal places. enter any decreases with a minus sign

The income statements for Urban Outfits, Incorporated are presented below. Urban Outfits, Incorporated Income Statements Year Ended December 31 Current Year Sales Revenue $ 851, 559 Cost of Goods Sold 430,511 Gross Profit 421, 048 Operating and Other Expenses 151,904 Interest Expense 8,450 Income Tax Expense 54,800 Net Income $ 205,894 Prior Year $ 785,412 400, 148 385, 264 138,560 23,700 52,700 $ 170,304 URBAN OUTFITS, INCORPORATED Income Statements Year Ended December 31 Increase (Decrease) Current Prior Year Amount Percent (%) Year Sales Revenue $ 851,559 $ 785,412 Cost of Goods Sold 430,511 400,148 Gross Profit 421,048 385,264 Operating and Other Expenses 151,904 138,560 Interest Expense 8,450 23,700 Income Tax Expense 54,800 52,700 Net Income $ 205,894 $ 170,304