The income statements for Urban Outfits, Inc are presented below. Urban Outfits, Inc. Income Statements Year Ended December 31 Prior Year Current Year Sales Revenue Cost of Goods Sold $734,556 364,624 369,932 126,480 $791,559 394,615 396,944 137,432 7,450 46,000 $206,062 Gross Profit Operating and Other Expenses Interest Expense Income Tax Expense 16,100 44,700 $182,652 Net Income Required: Prepare a horizontal analysis of the income statement above. (Round your percentage answers to 2 decimal places. Enter any decreases with a minus sign.) URBAN OUTFITS, INC Income Statements Year Ended December 31 Increase (Deerease) Current Prior Year Amount Percent (I Required Prepare a horizontal analysis of the income statement above. (Round your percentage answers to 2 decimal places. Enter any decreases witha minus sign.) URBAN OUTFITS, INC Income Statements Year Ended December 31 Increase (Decrease) Current Year Prior Year Amount Percent (%) $791,559 $734,556 Sales Revenue Cost of Goods Sold 394,615 364,624 369,932 126,480 Gross Profit 396,944 Operating and Other Expenses Interest Expense 137,432 7,450 16,100 Income Tax Expense 46.000 44,700 $206,062 $182,652 Net Income