The 2019, 2018, and 2017 income statements for Spinner Entertainment Inc. follow.

Spinner Entertainment Inc.

Consolidated Income Statements

Required:
1. Calculate how much each of the revenues and expenses changed from 2017 through 2019 using horizontal analysis (in percentage terms, rounded to two decimal places). Utilize 2017 as the base year for both 2018 and 2019. You do not need to include the actual dollar amounts shown above.
2. Discuss the primary causes of Spinner's increase in net income in 2018 and the decrease in 2019?

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Year ended December 31, 2019 2018 2017 Revenues: $2,723.8 2,601.4 752.3 $3,299.9 3,127.3 1,121.6 $7,548.8 $3,502.7 3,682.4 1,493.5 Theme parks and resorts Filmed entertainment Consumer products $6,077.5 $8,678.6 Costs and expenses: Theme parks and resorts Filmed entertainment Consumer products $2,263.9 2,300.2 $2,723.4 2,566.3 804.5 $2,703.7 3,104.9 1,120.6 $6,929.2 503.7 $6,094.2 $5,067.8 Operating income: Theme parks and resorts Filmed entertainment Consumer products $ 459.9 $ 576.5 $ 799.0 301.2 561.0 577.5 248.6 317.1 372.9 $1,009.7 $1,749.4 $1,454.6 Corporate activities: General and administrative expenses Interest expense Investment and interest income $ 161.2 $ 150.2 $ 165.3 103.7 130.8 158.9 (193.6) $ 130.6 (121.1) $ 143.8 (127.4) $ 153.6 $ (520.8) $1,098.0 Income (loss) on investment in Asian theme park Income before income taxes 62.1 13.6 $1,314.6 $ 928.0 Income taxes 376.2 492.3 410.4 $ 551.8 $ 822.3 $ 687.6 Net income