ED V 0 E Beztomheducationcom C; [I] + 53 G Rick Hall owns a card shop, Hall's Cards. The following cash information is avai... u Course Hero m Question 4 - HW: Chapters 4 & 9 - Connect HW: Chapters 4 & 9 0 Saved Help Save & Exit Submit Check my work Income statements for Gibson Company for Year 3 and Year 4 follow: GIBSON COMPANY 6 Income Statements points Year 4 Year 3 Sales $201, 500 $181,500 Cost of goods sold 142,600 120,600 Selling expenses 21,200 19,200 El Administrative expenses 12,400 14,400 Interest expense 3. 000 5,000 95\" Total expenses $179,200 \"59:20\" Income before taxes 22, 300 22,300 Income taxes expense 5,200 3,700 3 Net income 35 17. 100 $ 18.600 Hint = = 5 Required Print 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. TI References Complete thls questlon by enterlng your answers In the tabs below. Required A Required B Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. (Negative answers should be indicated by a minus sign. Round your percentage answers to 1 decimal place. (i.e., 0.234 should be entered as 23.4).) g