212 Cewed Help Income statements for Finch Company for Year 3 and Year 4 follow: PINCH COMPANY Income Statements Year 4 Sales $ 201,700 Cost of goods sold 143,600 Selling expenses 20,000 Administrative expenses 12,200 Interest expense 3,800 Total expenses $179,600 Income before taxes 22,100 Income taxes expense 5,400 Net income $ 16,700 Year 3 $181,700 121,600 18,000 14,200 5,800 $159,600 22,100 4,000 $ 18,100 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 0.234 4. (Negative answers should be indicated by a minus sign. Round your percentage answers to 1 decimal place. (... should be entered as 23,4).) FINCH COMPANY Prox 1 of 6 Next > Help 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. (.e., 0.234 should be entered as 23.4).) FINCH COMPANY Horizontal Analysis of Income Statements Percentage Change over Year 3 Sales % Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes experise Net income (loss) Required B > Prev 1 of 6 Next > Complete this question by entering your answers in the tabs below. Required A Requiredits 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. ().e., 0.234 should be entered as 23.4).) FINCH COMPANY Vertical Analysis of Income Statements Percentage of Percentage 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 expense % % Net income (A)