The income statements for Urban Outfits, Inc. are presented below: Urban Outfits, Inc. Income Statements Year Ended December 31 Current Sales revenue Cost of goods sold Gross profit Operating and other expenses Interest expense Income tax expense Year Prior Year $703,271 $755,059 341,567 371,280 361,704 383,779 118,564 127,937 6,950 39,500 40,400 11,200 Net income $192,440 $208,492 Prepare a horizontal analysis of the income statement above. (Round your answers to the nearest whole percent.) URBAN OUTFITS, INC Income Statements Year Ended December 31 Increase (Decrease) Current Year Percent (%) Prior Year $ 703,271$755,059 41,567 371,280 361,704 383,779 118,564 127,937 6,950 40,400 192,440 208,492 Amount Sales Revenue Cost of Goods Sold Gross Profit Operating and Other Expenses Interest Expense Income Tax Expense Net Income 11,200 39,500