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E13-1 (Algo) Preparing and Interpreting a Schedule for Horizontal and Vertical Analyses [LO 13-2, LO 133, LO 13-5] The average price of a gallon of gas in 2018 increased $0.30 (12.4 percent) from $2.42 in 2.017 to $2.72 in 2018 . Required: 1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars ond in percentages for the income statement of Insignia Corporation for the year ended December 31, 2018 (amounts in billions). 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues: 2-b. Excluding income tax and other operating costs, did Insignia earn more gross profit per dollar of revenue in 2018 compared to 2017? Answer is not complete. Complete this question by entering your answers in the tabs below. 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 Insignis Corporation for the year ended December 31, 2018 (amounts in billions). (Decreases should be indicated by a minus sign. Enter your answers in billigns (lie, 10,000,000,000 should be entered as 10). Round percentage values to 1 decimal place.) income statement of Insignia Corporation for the year ended December 31, 2018 (amounts in entered as 10 ). Round percentage values to 1 decimal place. 1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in pe for the income statement of Insignia Corporation for the year ended December 31,2018 (amounts in billions): 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. 2-b. Excluding income tax and other operating costs, did Insignia earn more gross profit per dollar of revenue in 2018 compa 2017? Answer is not complete. Complete this question by entering your answers in the tabs below. Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round percentage values to 1 decimal place.) Complete this question by entering your answers in the tabs below. Excluding income tax and other operating costs, did Insignia earn more gross profit per dollar of revenue in 2018 compared to 2017