1 Required: 1-a. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages. (Round your "Percentage" to 1 decimal place. Any decrease in amounts should be indicated with minus sign) 15 points Skipped COMPUTER TYCOON, INC. Horizontal Analysis of Income Statements For the Years Ended December 31 eBook 2017 2016 Dollars Change in Percentage Print Sales revenues 98,000 $ 122,233 % References Costs of goods sold 60,200 73,340 % + Gross profit 37,800 48,893 Selling, General, and Administrative expenses 35,000 35,000 % 70 Interest expense Income before income tax expense 525 410 % 2,275 13,483 % 70 Income tax expense 1,500 4,788 % $ 775 $ 8,695 % Net income Mc Graw Hill 10C Cloudy 1-b. Not available in Connect. Prev 1 of 5 Next > Q Search * PRE Check my work ENG 15:05 myhp IN 08-12-2023