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 $731,559 $683,700 Cost of goods sold 358,719 329,100 Gross profit 372,840 354,600 Operating and other expenses 122,960 114,400 6,600 8,500 Interest expense Income tax expense Net income 37,200 36.700 $206,080 $195.000 Required: Part a. Prepare a horizontal analysis of the income statement above. Round to the nearest whole percent. Part b. Interpret your analysis. Comment on significant changes