Income statements for Adams Company for Year $3$ and Year $4$ follow:

ADAMS COMPANY

Income Statements

Year $4$ Year $3$

Sales $ $201,100$ $ $181,100$

Cost of goods sold $142,200120,200$

Selling expenses $21,30019,300$

Administrative expenses $12,10014,100$

Interest expense $3,6005,600$

Total expenses $179,200159,200$

Income before taxes $21,90021,900$

Income taxes expense $6,1003,500$

Net income $ $15,800$ $ $18,400$

Required

Perform a horizontal analysis, showing the percentage change in each income statement component between Year $3$ and Year $4.$

Perform a vertical analysis, showing each income statement component as a percentage of sales for each year.