The comparative income statements of

Sensible

Music Co. follow:

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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%. Do not enter the % symbols in any of the input fields.)

Sensible Music Co.
Horizontal Analysis of Comparative Income Statements
Years Ended December 31, 2021 and 2020
			Increase (Decrease)
	2021	2020	Amount	Percentage
Total revenue	$836,000	$938,000			%
Expenses:
Cost of goods sold	408,000	409,350			%
Selling and general expenses	238,000	266,000			%
Interest expense	9,500	14,000			%
Income tax expense	79,000	85,750			%
Total expenses	734,500	775,100			%
Net income	$101,500	$162,900			%