Question: Follow the instructions explained in class for Horizontal Analysis on how to analyze accounts. Based on the Income Statement below answer the following question: What

 Follow the instructions explained in class for Horizontal Analysis on how

Follow the instructions explained in class for Horizontal Analysis on how to analyze accounts. Based on the Income Statement below answer the following question: What is the change percentage from one year to the other on Net Income? *for your answer round to the whole number DO NOT use decimals, percentage signs dollar signs not periods nor commas. le. (11) INCOME STATEMENT Fiscal Year in thousands of dollars 2020 2019 $ 4.652.500 $ 4325300 1.350.000 1250,000 625.500 135.400 $2.500 $5.700 1250.000 1.150.000 15231309. 163.500 $2.500 58.900 Revenues Costs and expenses Cost of sales Labor expenses Other operating costs and corns.ca. General and adminiSTANSE GEDEOS Depreciation and stortization expenses Preopening costs Total costs and expenses Income from operations Interest expense Interest Income Other feature income net Income before income Taxes Incontie 11 pronsson 10.800 1090 199 16900 1900 FOD 115 98 164640 Ner inco

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