The Income statements for Urban Outfits, Incorporated are presented below. Urban Outfits, Incorporated Income Statements Year Ended December 31 Current Year Sales Revenue $851,559 Cost of Goods Sold 430,511 Gross Profit 421,045 Operating and other Expenses 151,904 Interest Expense 8,45 Income Tax Expense 54.800 Net Income $ 205,394 prior Year 5.785,412 400,148 385, 264 138,560 23,700 52.760 $ 170,384 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, INCORPORATED Income Statements Year Ended December 31 Increasa (Decrease! Ynal Prior Year Amount Percent Sales Revenue 5851559 S785.412 Cost of Goods Sold 430,511 400.1481 Gross Profil 421.048 385 264 Operating and Other Expenses 151.904 138,560 Interest Expense 8.450 23,700 Income Tax Expense 54300 52.700 Net Income 5 205 894 5170,304