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Income statements for Finch Company for 2018 and 2019 follow FINCH COMPANY Income Statements 2019 Sales $201,700 Cost of goods sold 143,600 Selling expenses 21,800 Administrative expenses 12,400 Interest expense 3,100 Total expenses $180,900 Income before taxes 20,800 Income taxes expense 6,200 Net income $ 14,600 2018 $181,700 121,600 19,800 14,400 5,100 $169,900 20,800 3,700 $ 17, 100 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019 b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year Required A Required B Perform a horizontal analysis, showing the percentage change in each income statement component between 2 (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (l.e., .234 sho as 23.4).) FINCH COMPANY Horizontal Analysis of Income Statements Percentage Change over 2018 Sales % Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income (loss) Required B > Required B Required A Requires Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. (Perd may not add exactly due to rounding. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4) FINCH COMPANY Vertical Analysis of Income Statements Percentage of Percentage of Sales 2019 Sales 2018 Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income