The income statements for Urban Outfits, Inc. are presented below: Urban Outfits, Inc. Income Statements Year Ended December 31 Current YearF Sales revenue Cost of goods sold Gross profit Operating and other expenses Interest expense Income tax expense $709,128 $761,559 346,862 376,667 362,266 384,892 120.440 130.196 7,050 40,70041,600 12,300 Net income $188,826 $206,046 Prepare a horizontal analysis of the income statement above. (Round your answers to the nearest w percent) URBAN OUTFITS, INC Income Statements Year Ended December 31 increase (Decrease) Current Prior Year: Amount Percent(%): Sales Revenue S 709,128 5761.559 Cost of Goods Soid 346.88237,867 362.286384.892 Operating and Other Expenses 120.440 130.1e8 7050 41600 183.8261 200 048 Gross Profit Interes: Expense Income Tax Expense Netincome 12 300 40,700