Data for Atlantis Inc Prepare a Horizontal Analysis of the Comparative Income Statement of l

Data for Atlantis Inc. follow:
Expenses:
$$\begin{array} { l l l } \text { Cost of Goods Sold } & 245,000 & 220,000 \\\text { Sellingand Administrative Expenses } & 100,000 & 96,000 \\\text { Cther Expenseg(Interedt Expense) } & 12,000 & 9,000 \\\text { Income Tax Expense } &\underline{ 58,000}&\underline{ 47,00000 }& \\\text { Total Expenses } &\underline{\$ 415,000 }&\underline{ \$ 372,000} \\\text { Net Income } & \$ 135,000 & \$ 128,000\end{array}$$ Prepare a horizontal analysis of the comparative income statement of Atlantis Inc. Round percentage changes to one decimal place. Use a multiple step format for the income statement.