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thank you in advanced The comparative income statement of Mitchell Music Co. for the years ended December 31, 2018 and 2 (Click the icon to
thank you in advanced The comparative income statement of Mitchell Music Co. for the years ended December 31, 2018 and 2 (Click the icon to view the comparative income statement.) Requirement 1. Prepare a comparative common-size income statement for Mitchell Music Co. (Round your ans Mitchell Music Co. Comparative Common-Size Income Statements Years Ended December 31, 2018 and 2017 2018 2017 Total revenue % % % % Expenses: Cost of goods sold Selling and general expenses Interest expense % % % % Income tax expense % % Total expenses % % Net income % % - Data Table Mitchell Music Co. Comparative Income Statements Years Ended December 31, 2018 and 2017 2018 $ 1,080,000 $ 2017 919,000 Total revenue $ Expenses: Cost of goods sold Selling and general expenses Interest expense 400,450 268,000 479,000 $ 289,000 24,500 106,500 14,500 86,850 Income tax expense Total expenses 899,000 769,800 $ 181,000 $ Net income 149,200 C Print Done
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