Income statement for Gaidar Company for 2014 and 2015 follow.

GAIDAR COMPANY Income Statement
	2015			2014
Sales	$	300,000		$	250,000
Cost of goods sold		192,000			150,000
Selling expenses		30,000			24,000
Administrative expenses		15,000			20,000
Interest expense		6,000			8,000
Total expenses	$	243,000		$	202,000
Income before taxes		57,000			48,000
Income taxes expense		14,000			12,000
Net income	$	43,000		$	36,000

Required

a.

Perform a horizontal analysis, showing the percentage change in each income statement component between 2014 and 2015. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).)

GAIDAR COMPANY
Horizontal Analysis of Comparative Income Statement
	Percentage Change over 2014
Sales		%
Cost of goods sold
Selling expenses
Administrative expenses
Interest expense
Total expenses
Income before taxes
Income taxes expense
Net income (loss)		%

b.	Perform a vertical analysis, showing each income statement component as a percent of sales for each year. (Percentages may not add exactly due to rounding. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).)

GAIDAR COMPANY
Vertical Analysis of Comparative Income Statement
	Percentage of Sales 2015		Percentage of Sales 2014
Sales		%		%
Cost of goods dold
Selling expenses
Administrative expenses
Interest expense
Total expenses
Income before taxes
Income taxes expense
Net income		%		%