The comparative income statements of Outdoor Music Co. follow: (Click the icon to view the comparative income statements.) Requirement Prepare a horizontal analysis of the comparative income statements of Outdoor 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%.) i Data Table - X Outdoor Music Co. Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2018 and 2017 Increase (Decrease) Amount Percentage 2018 852,000 $ $ 912,000 Total revenue Expenses: 2017 912,000 Cost of goods sold Selling and general expenses 402,000 408,000 232,000 262,000 L 9,200 10,500 83,000 84,000 726,200 764,500 125,800 $ 147,500 Outdoor Music Co. Comparative Income Statements Years Ended December 31, 2018 and 2017 2018 $ 852,000 $ Total revenue Expenses: Cost of goods sold 402,000 $ Selling and general expenses 232,000 Interest expense 9,200 83,000 Income tax expense 726,200 Total expenses 125,800 $ Net income Interest expense Income tax expense 408,000 262,000 10,500 84,000 Total expenses $ Net income 764,500 147,500 Print Done Enter any number in the edit fields and then continue to the next