1 Income statements for Finch Company for Year 3 and Year A follow: 02.01.26 YINCH CORIANY Income statemente Year 4 Sales 5200, 100 cost of goods mold 143,400 Selling expenses 20,500 Administrative expenses 12.900 Interest expense Total expenses 5110,200 Income before taxe 19,900 Income taxes expense Net Income $ 14,000 Year 5180, 100 121,400 10.500 14,900 5,400 5160,200 19,900 1,500 16,400 Mounce Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year, Complete this question by entering your answers in the tabs below. Required A Required B Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. (Percentages may not add exactly due to rounding. Round your percentage answers to 1 decimal place. (1.0., 0.234 should be entered as 23.4).) FINCH COMPANY Vertical Analysis of Income Statements Percentage of Porcentage of Sales Year 4 Sales Year 3 Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expenso Not income