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The comparative income statements of Sensible Music Co. follow. B (Click the icon to view the comparative income statements.) Sensible Music Co. Horizontal Analysis of

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The comparative income statements of Sensible Music Co. follow. B (Click the icon to view the comparative income statements.) Sensible 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 Selling and general expenses % % 479.000 289,000 24.500 106,500 400,450 268,000 14,500 86,850 Interest expense % Income tax expense % 899,000 769,800 Total expenses % $ 181,000 $ 149,200 Net income % ollow mts.) Data Table - ve inco le a mine %.) Sensible Music Co. come 8 and Comparative Income Statements Years Ended December 31, 2018 and 2017 2017 919,00 2018 $ 1,080,000 $ 2017 919.000 Total revenue Expenses: Cost of goods sold Selling and general expenses Interest expense $ 400.4 268,0 14,50 86,8 479,000 $ 289.000 24,500 106,500 899,000 400,450 268,000 14,500 86,850 Income tax expense Total expenses 769,81 149,2 769,800 149,200 Net income $ 181,000 $ Requirement Prepare a horizontal analysis of the comparative income statements of Sensible 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%.)

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