7. value: 5.00 points Problem 12-2A Perform horizontal analysis (LO12-2) The income statements for Anything Tennis for the years ending December 31, 2018 and 2017, are provided below Required 1. Complete the "Amount" and "%" columns to be used in a horizontal analysis of the income statements for Anything Tennis. (Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) ANYTHING TENNIS Income Statements For the Years Ended December 31 Increase (Decrease) 2018 2017 Amount Net sales $ 3,410,000 2,560,000 1,365,000 1,195,000 618,000 577,000 5,700 582,700 137,000 $405,900 445,700 2,120,000 1,290,000 795,000 495,000 9,400 504,400 98,500 Cost of goods sold Gross profit Operating expenses Operating income Other income (expense) Income before tax Income tax expense Net income