The comparative income statements of Fashion Music Co. follow (Click the icon to view the comparative income statements.) Requirement Prepare a horizontal analysis of the comparative income statements of Fashion 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%.) 5. Fashion Music Co. Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2018 and 2017 Increase (Decrease) 2018 2017 Amount Percentage 1,080,000 $ 919,000 $ Total revenue Expenses: Cost of goods sold 479,000 400,450 % Selling and general expenses 289,000 270,000 Interest expense 24,500 14,500 % 106,500 86,850 Income tax expense % Total expenses 899,000 771,800 % 181,000 147,200 $ Net income % 1: Data Table Fashion Music Co. Comparative Income Statements Years Ended December 31, 2018 and 2017 2017 2018 $1,080,000 $ 919,000 Total revenue Expenses: Cost of goods sold $ 479,000 $ 400,450 Selling and general expenses 270,000 289,000 Interest expense 14,500 24,500 86,850 106,500 Income tax expense 899,000 771,800 Total expenses 181,000 $ 147,200 Net income