The income statements for Urban Outfits, Inc. are presented below: Urban Outfits, Inc. Income Statements Year Ended December 31 Current Year Sales Revenue $830,059 Cost of Goods Sold 416,150 Gross Profit 413,909 Operating and Other Expenses 146,027 Interest Expense 8,100 Income Tax Expense 51,400 Net Income $208,382 Prior Year $ 766,841 385,972 380,869 133,664 20,700 49,500 $177,005 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 (Decrease) Amount Percent (%) Sales Revenue Cost of Goods Sold Gross Profit Operating and Other Expenses Interest Expense Income Tax Expense Net Income Current Prior Year Year $830,059 $ 766,841 416,150 385,972 413,909 380,869 146,027 133,664 8,100 20,700 51,400 49,500 $ 208,382 $177,005