This Question: 42 pts 9 of 23 (0 complete) The comparative income statements of Outdoor Music Co. follow: ?(Click the icon to view the comparative income statements.) Requirement 1. Prepare a horizontal analysis of the comparative income statements of Outdoor Music Co. Round percentage changes to the nearest one-tenth percent. (Use a minus sign or parentheses for decreases. Round percentage changes to the nearest one-tenth percent, X.X%.) Data Table Outdoor Music Co. Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2016 and 2015 Increase (Decrease) Amount Percentage Outdoor Music Co. Comparative Income Statements Years Ended December 31, 2016 and 2015 2016 2015 S 844,000 $ 934,000 2016 2015 Total revenue S 844,000 $934,000 Expenses: Total revenue Expenses: Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses 404,000 400,000 234,000 260,000 9,300 12,000 86,000 731,300 758,000 S 112,700 $176,000 Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses S 404,000 $400,000 260,000 12,000 86,000 758,000 112,700 76,000 234,000 9,300 84,000 731,300 84,000 Net income Net income Print Done Enter any number in the edit fields and then continue to the next