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Prepare a horizontal analysis of the comparative income statement of Comfy Music Ltd. Round percentage changes to the nearest one-tenth percent. (Click the icon to view the comparative Income statement.) (Use a minus sign or parentheses for decreases. Enter the percentage changes as a percent, rounded to one decimal place, X.X%.) Comfy Music Ltd. Horizontal Analysis of Comparative Income Statement For the Years Ended December 31, 2017, and 2016 Increase (Decrease) 2017 2016 Amount Percentage $ Total revenue 402,000 $ 428,000 186.000 204.000 % Expenses Cost of goods sold Selling and general expenses Interest expense 95,000 87,000 % 9% 4,000 36,500 12.000 45,500 Income tax expense % Total expenses 321,500 348,500 %4 $ Net income 80,500 $ 79,500 2 of 5 (1 complete) c Ltd. Round percentage changes to the nearest one-tenth percent. i Comparative Income statement Comfy Music Ltd. Comparative Income Statement For the Years Ended December 31, 2017. and 2016 2017 2016 Total revenue $ 402,000 $ 428,000 186,000 $ Expenses: Cost of goods sold Selling and general expenses Interest expense 95,000 204,000 87.000 12.000 45 500 Income tax expense 4,000 36,500 321 500 Total expenses 348, 500 Net income $ 80,500 $ 79,500 Print Done Clear All