ED V U 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 8r 9 - Connect HW: Chapters 4 & 9 0 Saved Help Save & Exit Submit Check my work 4 ...w...- WWW... .o. WNW. W...,....., .o. .w. .. u..- .w. s MW... GIBSON COMPANY Income Statements Year 4 Year 3 Sales M M 6 Cost of goods sold 142,600 120,600 points Selling expenses 21, 200 19,200 Administrative expenses 12,400 14,400 Interest expense 3. 000 5,000 Total expenses $179,200 $159,200 El Income before taxes 22, 300 22,300 eBook Income taxes expense 5,200 3,700 Net income $ 17, 100 $ 18,600 Hi\" Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. if! b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Print \"1' Complete thls questlon by enterlng your answers In the tab: below. References Required A Required B Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. (Percentages may not add exactly due to rounding. Round your percentage answers to 1 decimal place. (i.e., 0.234 should be entered as 23.4).) _II_ _l_l Selling expenses %