BENSON COMPANY Income Statements 2019 2018 Sales $291,800 $181,800 Cost of goods sold 143,700 121,700 Selling expenses 20,300 18,300 Administrative expenses 12,100 14,100 Interest expense 3,2005 ,200 Total expenses $179,300 $159,300 Income before taxes 22,500 22,500 Income taxes expense 6,400 3,700 Net income $ 16,100 $ 18,800 onces Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019. b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year