Assume the average cost of computer equipment fell 21.2 percent between 2012 and 2013 lets see whether these changes

PART 2 - Problems %252Fims.mheducation.com%252F Saved Assume the average cost of computer equipment fell 212 percent between 2012 and 2013. Let's see whether these changes are reflected in the income statement of Computer Tycoon Inc. for the year ended December 31, 2013 2013 2012 Sales Revenues $98,600 $122,000 Cost of Goods Sold 60,600 73,700 -37.11 Gross Profit Selling, General, and Administrative Expenses Interest Expense 38,000 34,200 542 48.300 34,200 428 Income before Income Tax Expense Income Tax Expense 3,258 1,600 13,672 5.146 Net Income $ 1,658 $ 8.526 Required: 1-0. 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. Vertical Analysis of Income Statements For the Years Ended December 31 2013 2012 Change in Percentage Dollars $ 98 600 $ 122.000 60.600 38.000 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 34,200 542 3.258 1,600 1,658 5 73.700 48,300 34 200 428 13.672 5.146 8 526 $