Data for Kahn, Inc. follows: Kahn, Inc. Comparative Income Statement Years Ended Dec. 31, 2019 and 2018 2019 2018 Net Sales Revenue 550,000 500,000 Expenses: Cost of Goods Sold 245,000 220,000 Selling and Administrative Expenses 100,000 96,000 Other Expenses (Interest Expense) 12,000 9,000 Income Tax Expense 58,000 47,000 Total Expenses 415,000 372,000 Net Income 135,000 128,000 Prepare a horizontal analysis of the comparative income statement of Kahn, Inc. (Round to one decimal place.
Data for Kahn, Inc. follows:
Kahn, Inc.
Comparative Income Statement
Years Ended Dec. 31, 2019 and 2018
2019 2018
Net Sales Revenue 550,000 500,000 Expenses:
Cost of Goods Sold 245,000 220,000
Selling and Administrative Expenses 100,000 96,000
Other Expenses (Interest Expense) 12,000 9,000
Income Tax Expense 58,000 47,000
Total Expenses 415,000 372,000
Net Income 135,000 128,000
Prepare a horizontal analysis of the comparative income statement of Kahn, Inc. (Round to one decimal place.)
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