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S15-2 (similar to) Muscateer Corp. reported the following on its comparative income statement: Click the...

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S15-2 (similar to) Muscateer Corp. reported the following on its comparative income statement: Click the icon to view the data.) ne con Prepare a horizontal analysis of revenues and gross profitboth in dollar amounts and in percentages--for 2019 and 2018. Begin by calculating the gross profit for each year, then prepare a horizontal analysis of revenues and gross profit-both in dollar amounts and it percentages for 2019 and 2018. (Enter amounts in millions as provided to you in the problem statement. Round the percentages to one decim- XX%. Use a minus sign or parentheses to indicate a decrease.) Muscateer Corp. Income Statement - (Partial) Years Ended December 31, 2019 and 2018 Increase (Decrease) " 2018 2019 2019 2018 (Amounts in millions) 2017 Amount Percentage Amount Percentage Revenues $ 9,975 $ 9,800 $ 9,275 % 700 6,000 5,975 5,900 Cost of Goods Sold Gross Profit $ 3,975 $ 3,825 $ 3,375

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