1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Computer Tycoon Inc. for the year ended December 31, 2016 2a a 2.b. Excluding income tax, interest and operating expenses, did Computer Tycoon earn more profit per dollar of sales in 2016 compared to 20152 Complete this question by entering your answers in the tabs below. Reg 1 Hea 2 R20 Conduct a horizontal analysis by calculating the year-over-year changes in each time item, expressed in dollars and in percentages for the income statement of Computer Tycoon Inc. for the year ended December 31, 2016. (Decreases should be indicated by a minus sign. Round percentage values to 1 decimal place) COMPUTER TYCOON, INC Income Statement For the Year Ended December 31 Change in Dollars Percentage $ Sales Revenue Cost of Goods Sold Gross Profit Seling, General, and Administrative Expenses Interest Expense Income before Income Tax Expense Income Tax Experise Net Income 2010 2015 114,000 $141.000 57.000 77.100 47.000 63.900 37.400 39,800 545 8960 23.555 2.000 5.400 6,960 17.155 640 5 % for the income statement of Computer Tycoon Inc. for the year ended December 31, 2016 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. 2-b. Excluding income tax, interest, and operating expenses, did Computer Tycoon earn more profit per dollar of sales in 2016 compared to 2015? Complete this question by entering your answers in the tabs below. Reg! Reg Reg 28 Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round percentage values to 1 decimal place) COMPUTER TYCOON, INC Income Statemente For the Year Ended December 31 2018 2010 Sales Revenge $ 114,000 5 141.000 Cost of Goods Sold 67,000 % 77.100 Gross Profil 47.000 X 63.000 Selling, Grand Aditive Expenses 37200 30.000 Interest Expo 0140 X 545 Income before Income Tax Expenne 8,000 % 23,558 Income Tax Expense 2000 X 6,400 30 Net Income $ 6.960 $ 17,155