The income statements for Urban Outfits, Incorporated are presented below: Urban Outfits, Incorporated Income Statements Year Ended December 31 Current Year Sales Revenue $ 881,559 Cost of Goods Sold 448,459 Gross Profit 433,100 Operating and Other Expenses 159, 140 Interest Expense 8,850 Income Tax Expense 59, 200 Net Income $ 205, 910 Prior Year $ 810,840 417,910 392,930 144,600 27,500 56,700 $ 164,130 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 Increase (Decrease) Prior Year Amount Percent (%) Current Year $ 881,559 Sales Revenue 448,459 433, 100 159,140 $ 810,840 417,910 392,930 144,600 Cost of Goods Sold Gross Profit Operating and Other Expenses Interest Expense Income Tax Expense Net Income 8,850 27,500 59,200 $ 205,910 56,700 $164,130