1 Income statements for Jordan Company for Year 3 and Year 4 follow, JORDAN COMPANY Income Statements Year 4 Yoar 3 Sales $200,90 $189,90 Cost of goods sold 143,400 121,400 Selling expenses 22,000 20,000 Administrative expenses 12,400 14,400 Interest expense Total expenses $189,900 $168.900 Incone before taxes 20,000 20,000 Income taxes expande 5,200 3,400 Net Income $ 13,800 $16.600 book 3.100 5,100 Required 3. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4 b. Perform a vertical analyut, showing each income statement component as a percentage of soles for each year, 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 horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. (Negative answers should be indicated by a minus sign. Round your percentage answers to 1 decimal place. (l.c., 0.234 should be entered as 23.4). JORDAN COMPANY Horizontal Analysis of income Statements Percentage Change over Year 3 Sales 11.11% Cost of goods sold 18.1 Selling expenses 100 Administrative expenses (13.9) Interest expense (392) Total expenses 124 Income before txos 00 Income taxes expense 824 Net Income () (16:9)