The income statements for Galaxy Tennis for the years ending December 31, 2018 and 2017, are provided below.

Required:

1. Complete the Amount and % columns to be used in a horizontal analysis of Galaxy Tennis income statement. (Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.)

GALAXY TENNIS
Income Statements
For the Years Ended December 31
			Increase (Decrease)
	2018	2017	Amount	%
Net sales	$6,375,000	$6,430,000
Cost of goods sold	2,940,000	2,965,000
Gross profit	3,435,000	3,465,000
Operating expenses	1,555,000	1,426,000
Operating income	1,880,000	2,039,000
Other income (expense)	69,000	103,000
Income before tax	1,949,000	2,142,000
Income tax expense	408,000	444,000
Net income	$1,541,000	$1,698,000