Data table Fashion Music Co. Comparative Income Statements Years Ended December 31, 2021 and 2020 2021...

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Data table Fashion Music Co. Comparative Income Statements Years Ended December 31, 2021 and 2020 2021 2020 $ 1,080,000 $ 919,000 Total revenue Expenses: Cost of goods sold 479,000 $ 400,450 Selling and general expenses 289,000 264,000 Interest expense 24,500 14,500 106,500 86,850 Income tax expense 899.000 765,800 Total expenses $ 181,000 S 153,200 Net income Print Done - X e) tage % % ]% Requirement Prepare a horizontal analysis of the comparative income statements of Fashion 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%. Do not enter the % symbols in any of the input fields.) Fashion Music Co. Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2021 and 2020 Increase (Decrease) 2021 2020 Amount Percentage $ 1,080,000 $ 919,000 % Total revenue Expenses: Cost of goods sold 479,000 400,450 Selling and general expenses 289,000 264,000 Interest expense 24,500 14.500 106,500 86.850 % Income tax expense 899,000 765,800 de de ese se % Total expenses $ 181.000 $ 153.200 Net income Data table Fashion Music Co. Comparative Income Statements Years Ended December 31, 2021 and 2020 2021 2020 $ 1,080,000 $ 919,000 Total revenue Expenses: Cost of goods sold 479,000 $ 400,450 Selling and general expenses 289,000 264,000 Interest expense 24,500 14,500 106,500 86,850 Income tax expense 899.000 765,800 Total expenses $ 181,000 S 153,200 Net income Print Done - X e) tage % % ]% Requirement Prepare a horizontal analysis of the comparative income statements of Fashion 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%. Do not enter the % symbols in any of the input fields.) Fashion Music Co. Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2021 and 2020 Increase (Decrease) 2021 2020 Amount Percentage $ 1,080,000 $ 919,000 % Total revenue Expenses: Cost of goods sold 479,000 400,450 Selling and general expenses 289,000 264,000 Interest expense 24,500 14.500 106,500 86.850 % Income tax expense 899,000 765,800 de de ese se % Total expenses $ 181.000 $ 153.200 Net income