The comparative income statements of McCormick Music Co. follow (Click the icon to view the comparative income statements.) McCormick Music Co. Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2018 and 2017 Data table Requirement Prepare a horizontal analysis of the comparative income stateme changes to the nearest one-tenth percent. (Use a minus sign or p changes to the nearest one-tenth percent, XX%) McCormick Music Co. Comparative Income Statements Years Ended December 31, 2018 and 2017 2018 2017 Increase (Decrease) Amount Percentage Total revenue $ 844,000 $ 934,000 % Total revenue 2018 2017 $ 844,000 $ 934,000 Expenses: Expenses: Cost of goods sold 404,000 400,000 % Cost of goods sold $ 404,000 $ 400,000 Selling and general expenses 234,000 269,000 % Selling and general expenses 234,000 269,000 Interest expense 2 Income tax expense 9,300 84,000 12,000 86,000 Interest expense 9,300 12,000 % 84,000 86,000 Income tax expense Total expenses 731,300 767,000 % Total expenses 731,300 767,000 $ 112,700 $ 167,000 Net income. 112,700 $ 167,000 Net income Print Done - x