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 Total Cost and Expenses? * for your answer round to the whole number DO NOT use decimals, percentage signs, dollar signs not periods nor comm 11) INCOME STATEMENT Fiscal Year in thousands of dollars 2020 2019 $5.350.375 $4.541.563 1.350.000 1.530.000 625.300 135.400 $2.500 45.700 1.250.000 1.150.000 13225300 185.500 $2.500 38.900 Revenues Costs and expenses Cost of sales Labor expenses Other Resting.sestsand.senses General and administratiysenssa, Depreciation and amortization expenses Preopening costs Total costs and expenses Income from operations Interestepense Interest Income Other (espense income net Income before income taxes Income tax provision Netice 10.500 1050 -600 16.900 1.900 500 157093 131382

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