Prepare a horizontal analysis of the comparative income statements of McCracken Music Co. Round percentage changes to the nearest one-tenth percent (three decimalplaces).

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McCracken Music Co. Comparative Income Statements Years Ended December 31, 2012 and 2011 2012 $844.000 5934.000 2011 Total revenue Expenses: Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses $404,000 $400,000 234,000 263,000 9,300 12,000 86,000 84,000 731,300761,00 Net income $112,700 $173.000