Assume the average cost of computer equipment fell 20.5 percent between 2016 and 2017. Let's see whether these changes are reflected in the income statement of Computer Tycoon Inc. for the year ended December 31, 2017. Sales Revenues Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Interest Expense Income Before Income Tax Expense Income Tax Expense Net Income Sales revenues Costs of goods sold Gross profit Selling, General, and Administrative expenses Interest expense Income before income tax expense Income tax expense Net income 1-b. Not available in Connect. S Required: 1-a. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages. (Round your "Percentage" to 1 decimal place. Any decrease in amounts should be indicated with minus sign) COMPUTER TYCOON, INC. Horizontal Analysis of Income Statements For the Years Ended December 31 $ 2017 $100,000 60,100 2017 39,900 35,000 500 100,000 $ 60,100 39,900 35,000 500 4,400 1,250 3,150 $ 4,400 1,250 15,593 4,668 $ 3,150 $ 10,925 2016 $121,997 71,000 2016 50,997 35,000 404 121,997 $ 71,000 50,997 35,000 404 15,593 4,668 10,925 $ Dollars Change in (21,997) (10,900) (11,097) 0 96 (11,193) (3,418) (7,775) Percentage % % % 0.0 % % % % % 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round your answers to 1 decimal place. ---

Assume the sverege cost of computer equipment fell 20.5 pencent between 2016 and 2017 . Let's see whether these changes are reflected in the income statement of Computer Tycoon inc, for the year ended December 31.2017 Required: 1-e. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollors and in percentages. (Round your "Percentage" to I decimal ploce. Any decrease in amounts should be indicated with minus sign) b. Not avallable in Connect. a. Conduct a vertical analvsis bv exoressina each line as a Dercentoce of total revenues. (Round vour answers to 1 decimal olace