The income statements for Urban Outfits, Inc. are presented below:

Urban Outfits, Inc.
Income Statements
Year Ended December 31
	Current Year				Prior Year
Sales revenue		$	755,059			$	703,271
Cost of goods sold			371,280				341,567
Gross profit			383,779				361,704
Operating and other expenses			127,937				118,564
Interest expense			6,950				11,200
Income tax expense			40,400				39,500
Net income		$	208,492			$	192,440

Prepare a horizontal analysis of the income statement above. (Enter your answers to the nearest whole percent (i.e., enter 0.12 as 12.))

URBAN OUTFITS, INC Income Statements Year Ended December 31 Increase (Decrease) Amount Percent (%) Sales Revenue Cost of Goods Sold Gross Profit Current Prior Year Year $ 755,059 $ 703,271 371,280 341,567 383,779 361,704 127,937 118,564 6,950 11,200 40,400 39,500 208,492 192,440 Operating and Other Expenses Interest Expense Income Tax Expense Net Income