According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipment fell 8.1 percent between 2012 and 2013 Required 1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Computer Tycoon Inc. for the year ended December 31, 2013. (Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) COMPUTER TYCOON, INC. Income Statements For the Year Ended December 31 Change in Dollars Percentage 2013 2012 102,000 123,000 72,300 50,700 37,400 485 12,815 5,200 $3,2807,615 Sales Revenue Cost of Goods Sold Gross Profit Selling. General, and Administrative Expenses Interest Expense Income before Income Tax Expense Income Tax Expense Net Income 61,000 41,000 36,200 520 4,280 1,000 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round your percentage answers to 1 decimal place.) COMPUTER TYCOON, INC. Income Statements For the Year Ended December 31 2013 2012 Sales Revenue Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Interest Expense Income before Income Tax Expense Income Tax Expense Net Income 102,000 61,000 41,000 36,200 123,000 72,300 50,700 37,400 485 12,815 5,200 % | $ 7,615 4,280 1,000 $ 3,280 2-b. Excluding income tax, interest, and operating expenses, did Computer Tycoon earn more profit per dollar of sales in 2013 compared to 2012? es O No