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. 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 carn more profit per dollar of sales in 2016 compared to 2015? Complete this question by entering your answers in the tabs below. Book Req 1 Reg 2A Reg 28 Hint ces 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 Statements For the Year Ended December 31 2016 2015 Sales Revenue $ 118.000 % $ 147.000 % Cost of Goods Sold 69,000 % 78.700 % Gross Profit 49.000 % 68,300 % Selling, General, and Administrative Exponses 37,800 % 40,600 % Interest Expense 680 % % Income before Income Tax Expenso 10,520 % 27,135 % Income Tax Expense 2,500 % 6,800 % Not Income $ 8,020 % $ 20,335 % 565