Question: Complete the two final columns shown beside each item in Tiger Audio's comparative financial statements. (Decreases should be indicated by a minus sign. Round percentage

 Complete the two final columns shown beside each item in Tiger

Complete the two final columns shown beside each item in Tiger Audio's comparative financial statements. (Decreases should be indicated by a minus sign. Round percentage values to 1 decimal place.) TIGER AUDIO Horizontal Analysis Increase (Decrease) in Current (versus Previous) Amount Percentage Previous $ $ 37,900 20.4% 185,600 111,900 73,700 34,030 3,540 36,130 10,839 25,291 $ Current Income Statement Sales Revenue $ 223,500 Cost of Goods Sold 129,150 Gross Profit 94,350 Operating Expenses 40,200 Interest Expense 4,300 Income before Income Tax Expense 49,850 Income Tax Expense (30%) 14,955 Net Income $ 34,895 Balance Sheet Cash $ 36,370 Accounts Receivable, Net 18,950 Inventory 25,450 25,450 Property and Equipment, Net 130,000 Total Assets $ 210,770 Accounts Payable $ 27,600 Income Tax Payable 3,300 Note Payable (long-term) 75,800 Total Liabilities 106,700 Common Stock (par $1) 26,500 Retained Earnings 77,570 Total Liabilities and Stockholders' Equity | $ 210,770 $ $ $ 35,990 16,300 22,300 120,500 195,090 25,450 3,040 91,600 120,090 26,500 48,500 195,090 916 $

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