help pls
14 Assume the average cost of computer equipment fell 24.0 percent between 2012 and 2013. Let's see whether these changes are reflected in the income statement of Computer Tycoon Inc. for the year ended December 31, 2013 2013 2012 Sales Revenues $99,300 $127,524 Cost of Goods Sold 61,300 76,514 01:43:00 Gross Profit Selling. General, and Administrative Expenses Interest Expense 38,000 31,100 51,010 31,100 420 574 Income before Income Tax Expense Income Tax Expense 6,326 3,585 19,490 6,260 Net Income $ 2,741 $ 13,230 Required: 1-a. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages. (Round your "Percentage" to 1 decimal place. Any decrease in amounts should be indicated with minus sign) COMPUTER TYCOON, INC. Vertical Analysis of Income Statements For the Years Ended December 31 Change in 4 1-a. Conduct a horizontal analysis by item, expressed in dollars and in percentages. (Round your "Percentage" to 1 decimal place. Any decrease in amounts should be indicated with minus sign) COMPUTER TYCOON, INC Vertical Analysis of Income Statements For the Years Ended December 31 42:56 Change in Dollars Percentage % % Sales revenues Costs of goods sold Gross profit Selling general, and Administrative expenses Interest expense Income before income tax expense Income tax expense Net income 2013 99,300 $ 61,300 38,000 31,100 574 6,326 3,585 2,741 $ 2012 127,524 76,514 51,010 31,100 420 19,490 6,260 13,230 $ 1-b. Not available in Connect 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round your answers to 1 decimal place. Input all amounts as positive values.) COMPUTER TYCOON, INC. Vertical Analysis of Income Statements For the Years Ended December 31 1-b. Not ava 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round your answers to 1 decimal place. Input all amounts as positive values.) % % % % COMPUTER TYCOON, INC. Vertical Analysis of Income Statements For the Years Ended December 31 2013 2012 % $ 99,300 $ 127,524 Sales revenues % 61,300 76,514 Costs of goods sold Gross profit 38,000 % 51,010 Selling, general, and Administrative expenses 31,100 % 31,100 Interest expense 574 % 420 Income before income tax expense 6,326 % 19,490 Income tax expense 3,585 6,260 Net income $ 2,741 % $ 13,230 % % % % se % % 2-b. Excluding income tax, Interest, and selling, general, and administrative expenses, did Computer Tycoon earn more profit per dollar of sales in 2013 compared to 2012? Yes O No