Exercise 13-3A Horlzontal and vertical analysis LO 13-1 Income statements for Baird Company for Year 3 and Year 4 follow points BA10 Incone Statenents Sales Cost of goods sold Selling expenses Adeinistrative expenses Interest expense Total expenses Income before taxes Incone taxes expense 142,588 128,5e8 18, 9ee 12,70014,70e 5,6e8 2e,988 28, 5e0 Net income % 13,600 $ 17,100 Print Required eterences.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 Complete this question by entering your answers in the tabs below. 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 answers to 1 decimal place.(ie 234 should be entered as 23.4)) Horizontal Analysis of Income Change Cost of goods sold Total e ncome before taxes Income t Neos) RequiredB Exercise 13-3A Horizontal and vertical analysis LO 13-1 Income statements for Baird Company for Year 3 and Year 4 follow points BAIRD COMPANY Ircone Statenents Year 3 Year 4 Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Tetal expenses Iecone before taxes Income taxes expense Net incone 142,see 120,see 18,980 12, 7ee14,7e0 eBook 28, 58928,588 13,689 17,100 Required eterences a. Perform a horizontal analysis, showing the percentage change i each income statement component between Year 3 and Year 4 Perform a vertical analysis, showing eech Income statement component as a percentage of sales for each year Complete this question by entering your answers in the tabs below. Required ARequired B statement component as a percentage of sales for each year (Percentages Perform a vertical analysis, showing each income may not add exactly due to rounding. Round your answers to 1 decimal place. (i 234 should be entered as 23.4)3 Vertical Analysis of Income Statements Sales Cost of goods sold Interest e Income before taxces hoome tares expense Net income