Question Help The comparative income statements of Dancing Music Co. follow: (Click the icon to view the comparative income statements.) Requirement Prepare a horizontal analysis of the comparative income statements of Dancing 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 - X Dancing Music Co. Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2018 and 2017 Increase (Decrease) 2018 2017 Amount Percentage Total revenue 852,000 $ 912,000 % Expenses: Cost of goods sold 402,000 408,000 % Selling and general expenses 232,000 263,000 % Interest expense 9,200 10,500 % 83,000 84,000 Income tax expense % Total expenses 726,200 765,500 % $ Net income 125,800 $ 146,500 % 2017 912,000 Dancing Music Co. Comparative Income Statements Years Ended December 31, 2018 and 2017 2018 $ Total revenue 852,000 $ Expenses: Cost of goods sold $ 402,000 $ Selling and general expenses 232,000 Interest expense 9,200 83,000 Income tax expense 726,200 Total expenses $ 125,800 $ Net income 408,000 263,000 10,500 84,000 765,500 146,500 Print Done