The comparative income statements of Monroe Music Co. follow: (Click the icon to view the comparative...

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The comparative income statements of Monroe Music Co. follow: (Click the icon to view the comparative income statements.) Total revenue Expenses: Monroe Music Co. Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2021 and 2020 2021 2020 Increase (Decrease) Amount Percentage $ 844,000 $ 934,000 Cost of goods sold 404,000 400,000 % Selling and general expenses 234,000 270,000 % Data table Interest expense 9,300 12,000 % 84,000 Income tax expense 86,000 % Total expenses 731,300 768,000 % $ 112,700 $ 166,000 Net income % () Monroe Music Co. Comparative Income Statements Years Ended December 31, 2021 and 2020 Requirement Prepare a horizontal analysis of the comparative income statements of Monroe Music Co. Round percentage changes to the nearest one-tenth percent. (Use a minus sign or parentheses for decreases. Round percentage changes to the nearest one-tenth percent, X.X%. Do not enter the % symbols in any of the input fields.) 2021 $ 844,000 $ 2020 934,000 Total revenue Expenses: Cost of goods sold $ Selling and general expenses 404,000 $ 234,000 400,000 270,000 Interest expense 9,300 84,000 12,000 86,000 Income tax expense 731,300 768,000 Total expenses $ 112,700 $ 166,000 Net income Print Done - The comparative income statements of Monroe Music Co. follow: (Click the icon to view the comparative income statements.) Total revenue Expenses: Monroe Music Co. Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2021 and 2020 2021 2020 Increase (Decrease) Amount Percentage $ 844,000 $ 934,000 Cost of goods sold 404,000 400,000 % Selling and general expenses 234,000 270,000 % Data table Interest expense 9,300 12,000 % 84,000 Income tax expense 86,000 % Total expenses 731,300 768,000 % $ 112,700 $ 166,000 Net income % () Monroe Music Co. Comparative Income Statements Years Ended December 31, 2021 and 2020 Requirement Prepare a horizontal analysis of the comparative income statements of Monroe Music Co. Round percentage changes to the nearest one-tenth percent. (Use a minus sign or parentheses for decreases. Round percentage changes to the nearest one-tenth percent, X.X%. Do not enter the % symbols in any of the input fields.) 2021 $ 844,000 $ 2020 934,000 Total revenue Expenses: Cost of goods sold $ Selling and general expenses 404,000 $ 234,000 400,000 270,000 Interest expense 9,300 84,000 12,000 86,000 Income tax expense 731,300 768,000 Total expenses $ 112,700 $ 166,000 Net income Print Done -