The income statements for Urban Outfits, Inc. are presented below:

Urban Outfits, Inc. Income Statements Year Ended December 31
	Current Year			Prior Year
Sales revenue	$	690,557		$	740,059
Cost of goods sold		332,686			362,306
Gross profit		357,871			377,753
Operating and other expenses		115,544			124,319
Interest expense		9,300			6,700
Income tax expense		37,500			38,200
Net income	$	195,527		$	208,534

Prepare a horizontal analysis of the income statement above. (Round your answers to the nearest whole percent.)