Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages (rounded to one decimal place).

Fill in the blanks:

			Increase (Decrease)
			2019 over 2018
	2019	2018	Amount	Percentage
Income Statement
Sales Revenue	$ 233,000	$ 194,000	$ 39,000	%
Cost of Goods Sold	134,000	117,000		14.5%
Gross Profit	99,000	77,000	22,000	%
Operating Expenses	41,500	35,500	6,000	16.9%
Interest Expense	4,000	3,000	1,000	33.3%
Income before Income Tax Expense	53,500	38,500		39.0%
Income Tax Expense (30%)	16,050	11,550	4,500	%
Net Income	$ 37,450	$ 26,950	$ 10,500	39.0%