The income statements for Urban Outfits, Inc. are presented below: Urban Outfits, Inc. Income Statements Year Ended December 31 Current Year Sales revenue $ 776,559 Cost of goods sold 385,641 Gross profit 390,918 Operating and other expenses 133,814 Interest expense 7,300 Income tax expense 43,800 Net income $206,004 Prior Year $ 721,842 355, 743 366,099 123,460 14,200 42,700 $185,739 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) Prior Year Amount Percent (%) Current Year $ 776,559 Sales Revenue Cost of Goods Sold 385,641 Gross Profit Operating and Other Expenses Interest Expense Income Tax Expense Net Income 390,918 133,814 7,300 43,800 206,004 $ 721,842 355,743 366,099 123,460 14,200 42,700 185,739