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

BURCH COMPANY

Income Statements

Year $4$ Year $3$

Sales $ $200,900$ $ $180,900$

Cost of goods sold $143,500121,500$

Selling expenses $21,50019,500$

Administrative expenses $12,90014,900$

Interest expense $3,4005,400$

Total expenses $ $181,300$ $ $161,300$

Income before taxes $19,60019,600$

Income taxes expense $6,0003,900$

Net income $ $13,600$ $ $15,700$

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.

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

Required

a$.$ Perform a horizontal analysis, showing the percentage change in each income statement

b$.$ Perform a vertical analysis, showing each income statement component as a percentage

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Perform a horizontal analysis, showing the percentage change in each income statement componen

Note: Negative answers should be indicated by a minus sign. Round your answers to $1$ decimal place