2 Income statements for Baird Company for Year 3 and Year 4 follow: 3 Dot BAIRD COMPANY Incone Statenents Year 4 Sales $21,000 Cost of toods sold 142,800 Selling expenses 20,900 Administrative expenses 12,800 Interest expense 3,680 Total expenses $180.189 Income before taxes 20,900 Income taxes expense 5,800 Net income $ 15,109 Year 3 $18,000 120,890 18,900 14,820 5,689 $160,180 20,900 3,900 $ 17,600 look Hint Print 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. References Complete this question by entering your answers in the tabs below. Requires a Recured B Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4.(legative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (., 0.234 should be entered as 23.4).) BAIRD COMPANY Horizontal Analysis of income Statements Porcentage Change over Year 3 Sales Cost of goods sold Selling expenses Administrative expenses best expense Total expenses Income before taxes Income taxes erine Netcome e Ragatud Required) 2 Income statements for Baird Company for Year 3 and Year 4 follow: 3 points BAIRD COMPANY Income Statements Year 4 Sales $201.000 Cost of goods sold 142,800 Selling expenses 20,900 Administrative expenses 12,880 Interest expense 3,600 Total expenses $180, 100 Income before taxes 20,900 Incone taxes expense 5,800 Net Income $ 15,100 Year 3 $181.eee 120, 800 18,000 14,800 5,600 $160,100 20,900 3,9ee $ 17,000 Hint 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. Relevances Complete this question by entering your answers in the tabs below. Required A Required 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 answers to 1 decimal place (le, 0.234 should be entered as 23,4).) BAIRD COMPANY Vertical Analysis of Income Statements Percentage of Percentage of Sales Year 4 Sales Year Semes Cost of goods sold Selling experts Agent Income before Inocentemente com