Analysis Bal Sheet Analysis Inc Stmt Prepare a horizontal analysis of the income statement. (Negative answers should be indicated by a minu answers to 1 decimal place. (i.e., 234 should be entered as 23.4).) Percentage Change WALTON COMPANY Horizontal Analysis of Income Statements 2019 2018 Revenues Sales (net) 230,000 $ 212,000 Other revenues 8,300 6.900 Total revenues 238 300 218.900 Expenses Cost of goods sold 118 900 101.200 Selling, general, and administrative expenses 54 700 49 100 Interest expense 7 700 6.900 Income tax expense 22 300 21,300 Total expenses 203.600 178.500 Net income (loss) 34 700 40.400 Next >