Problem 14-17A Horizontal analysis LO 14-1 Prepare a horizontal analysis of both the balance sheet and income statement. Complete this question by entering your answers in the tabs below. Analysis BaAnalysis Inc Sheet Stmt Prepare a horizontal analysis of the income statement. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) ALLENDALE COMPANY Horizontal Analysis of Income Statements Year 4 Year 3 Percentage Change Revenues Sales (net) Other revenues $ 230,000$ 210,000 5,000 215,000 8,000 Total revenues 238,000 Expenses Cost of goods sold Selling, general, and administrative expenses Interest expense Income tax expense 120,000 55,000 8,000 23,000 206,000 103,000 50,000 7,200 22,000 182,200 $32,000 $ 32,800 Total expenses Net income (loss)