The 2011, 2010, and 2009 income statements for Talton Electronics Unlimited follow.

Required:
1. Calculate how much each of the revenues and expenses changed from 2009 through 2011 using horizontal analysis (in percentage terms, rounded to two decimal places). You do not need to include the actual dollar amounts shown above.
2. Discuss the primary causes of Talton€™s increase in net income in 2010 and the decrease in 2011.

Talton Amusement Ltd. Consolidated Income Statements Year Ended December 31 2011 2010 2009 Theme parks and resorts Filmed entertainment $2,723.8 $3,299.9 $3,502.7 3,682.4 1,493.5 $6,077,5 $7,548.8 $8,678.6 2,6014 3,127.3 1,121.6 Consumer products 752.3 Costs and expenses Theme parks and resorts Filmed entertainment Consumer products $2,263.9 $2,723.4 $2,703.7 3,104.9 1,120.6 $5,067.8 $6,094.2 $6,929.2 2,300.2 2,566.3 804.5 503.7 Operating income Theme parks and resorts Filmed entertainment Consumer products $ 459.9 576.5 799.0 577.5 372.9 $1,009.7 1,454.6 $1,749.4 301.2 248.6 561.0 317.1 Corporate activities $161.2 150.2 165.3 158.9 (193.6] 130.6 62.113.6 515203] 928.0 $1,314.6 $1,098.0 410.4 551.8 822.3 687.6 General and administrative expenses Interest expense Investment and interest income 103.7 (121.1 5 143.8 130.8 [127.4) 153.6 Income (loss) on investment in Asian theme park Income before income taxes Income taxes 376.2 492.3 Net income