income statements for Adams mpany for rear 3 and rear 4 follow: Sales ADAMS COMPANY Income Statements Year 4 $200,300 Year 3 $180,300 143,900 121,900 20,300 18,300 12,300 14,300 3,200 5,200 $179,700 $159,700 20,600 6,000 20,600 3,500 $ 14,600 $ 17,100 8 Cost of goods sold points Selling expenses Administrative expenses Skipped Interest expense Total expenses eBook Hint Print References Incone before taxes. Income taxes expense Net income Required a. 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. Required A Required B