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The comparative income statements of O'Neil Music Co.follow (Click the foon to view the comparative income statements.) Requirement Prepare a horizontal analysis of the comparative

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The comparative income statements of O'Neil Music Co.follow (Click the foon to view the comparative income statements.) Requirement Prepare a horizontal analysis of the comparative Income statements of O'Neil Music Co. Round percentage changes to the nearest one tonth percent (Use a minus sign or parentheses for decreases Round percentage changes to the nearest one-tenth percent XX%) Data Table O'Neil Music Co. Comparative Income Statements Years Ended December 31, 2018 and 2017 O'Neil Music Co. Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2018 and 2017 Increase (Decrease) 2018 2017 Amount Percentage Total revenue 836,000 5 930,000 Expenses: Cost of goods sold 408.000 409,350 Selling and general expenses 238,000 261,000 % Interest expense 9.500 14.000 % 79,000 Income tax expense 85,750 734,500 770,100 Total expenses 101,500 S 167.900 Net Income 2018 2017 938.000 $ 836,000 $ $ Total revenue Expenses: Cost of goods sold Selling and general expenses Interest expense Income tax expense 408,000 5 238.000 9.500 79.000 409,350 261.000 14.000 85.760 Total expenses 770,100 734,500 101,500 $ 167.900 Net Income Print Dono Dono

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