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The comparative income statements of Mitchell Music Co. follow. (Click the icon to view the comparative income statements.) Total revenue Mitchell Music Co. Horizontal

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The comparative income statements of Mitchell Music Co. follow. (Click the icon to view the comparative income statements.) Total revenue Mitchell Music Co. Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2018 and 2017 Expenses: Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses Net income 2018 2017 $ 1,077,000 $ 917,000 477,000 408,750 287,000 267,000 23,500 13,500 105,500 84,00 893,000 773,900 184,000 $ 143,100 Increase (Decrease) Amount Percentage Requirement Points: 0.29 of 2 Prepare a horizontal analysis of the comparative income statements of Mitchell 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,

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