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 $830,059 $766,841 Cost of Goods Sold 416,150 385,972 Gross Profit 413,909 380,869 Operating and Other Expenses 146,027 133,664 Interest Expense 8,100 20,700 Income Tax Expense 51,400 49,500 Net Income $208,382 $177,095 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 (Docrease) Current Dulu Amarant Required: Prepare a horizontal analysis of the income statement above. (Round your percentage answers to 2 decimal places. Ent decreases with a minus sign.) URBAN OUTFITS, INC Income Statements Year Ended December 31 Increase (Decrease) Current Prior Year Amount Percent (%) Year Sales Revenue Cost of Goods Sold Gross Profit Operating and Other Expenses Interest Expense Income Tax Expense Net Income $830,059 416,150 413,909 146,027 8,100 51,400 $ 208,382 $ 766,841 385.972 380,869 133,664 20.700 49,500 $177,005