come statements for Rundle Company for Year 3 and Year 4 follow: RUNDLE COMPANY Income Statements Year 4 Soles $ 201,400 Cost of goods sold 142,100 Selling expenses 21,400 Administrative expenses 12,600 Interest expense 3,000 Total expenses $179,100 Income before taxes 22,300 Income taxes expense 5,700 let income $ 16,600 Year) $181,400 120, 100 19,400 14.680 5.000 $159, 100 22,300 3,700 $ 18,600 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