Prepare a horizaontal analysis of the compaarative income statements of Mitchell Music Co. Round percetage changes to the nearest one-tenth percent (threedecimal places).

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Mitchell Music Co. Comparative Income Statements Years Ended December 31, 2016 and 2015 201620 1,075,000$ 915,000 Total revenue Expenses Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses $ 475,000 $ 406250 285,000 261,000 22,500 12,500 104,500 82150 887,000 761,900 188,000 153,100 Net income