2. Please include both requirement a and b. Please be quick!

Income statements for Vernon Company for Year 3 and Year 4 follow: 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. Perform a horizontal analysis, showing the percentage change in each income statement co 4. Note: Negative answers should be indicated by a minus sign. Round your answers to 1 deci entered as 23.4). Income statements for Vernon Company for Year 3 and Year 4 follow: 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. Perform a vertical analysis, showing each income statement component as a percentage of Note: Percentages may not add exactly due to rounding. Round your answers to 1 decimal entered as 23.4)