Income statements for Baird Company for Year 3 and Year 4 follow: BURCH COMPANY Income Statements Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income Year 4 $ 201,100 142,300 21,600 12,900 3,100 $ 179,900 21,200 6,200 $ 15,000 Required A Required B Year 3 $ 181,100 120,300 19,600 14,900 5,100 $ 159,900 21,200 3,500 $ 17,700 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.

Income statements for Baird Company for Year 3 and Year 4 follow: Required o. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 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