Score: 0 of 4 pts 2 of 6 (2 complete) HW Score: 20%, 5 of E13-27B (similar to) Question Help The comparative income statements of Madigan Music Co. follow: ?(Click the icon to view the comparative income statements.) Requirement 1. Prepare a horizontal analysis of the comparative income statements of Madigan Music Co. Round percentage changes to the nearest one-tenth percent. (Use a minus sign or parentheses for decreases. Round percentage changes to the nearest one-tenth percent, X.X%.) Data Table Madigan Music Co. Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2016 and 2015 Increase (Decrease) Amount Percentage Madigan Music Co. Comparative Income Statements Years Ended December 31, 2016 and 2015 2016 2015 $1,080,000 $ 919,000 Total revenue 2016 2015 Expenses: S 1,080,000 S 919,000 Total revenue Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses 479,000 400,450 289,000 270,000 24,500 14,500 86,850 899,000 771,800 $181,000 $ 147,200 Expenses: Cost of goods sold Selling and general Interest expense Income tax expense Total expenses S 479,000 S400,450 270,000 14,500 86,850 771,800 S 181,000 S 147,200 289,000 24,500 106,500 899,000 expenses 106,500 Net income Net income Print Done Enter any number in the edit fields and then click Check