The comparative income statements of Dancing Music Co. follow: (Click the icon to view the comparative income statements.) Requirement Prepare a horizontal analysis of the comparative income statements of Dancing 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 Dancing Music Co. Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2018 and 2017 2018 2017 Increase (Decrease) Amount Dancing Music Co. Comparative Income Statements Years Ended December 31, 2018 and 2017 Percentage Total revenue $ 1,075,000 $ 915,000 % $ 2018 1,075,000 $ 2017 915,000 Total revenue Expenses: Expenses: Cost of goods sold 475,000 406,250 % Cost of goods sold $ 475,000 $ 406,250 Selling and general expenses 285,000 264,000 % Selling and general expenses 285,000 264,000 Interest expense 22,500 12,500 % Interest expense 22,500 12,500 104,500 82,150 Income tax expense % 104,500 82,150 Income tax expense 887,000 764,900 Total expenses % $ 188,000 $ 150,100 Total expenses 887,000 764,900 Net income % $ 188,000 $ 150,100 Net income -