Income statements for Benson Company for 2018 and 2019 follow: BENSON COMPANY Income Statements 2019 Sales $ 201,100 Cost of goods sold 142,600 Selling expenses 20,700 Administrative expenses 12,500 Interest expense 3,500 Total expenses $179,300 Income before taxes 21,800 Income taxes expense 6,900 Net income $ 14,900 2018 $181,100 120,600 18,700 14,500 5,500 $159,300 21,800 3,200 $ 18,600 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019. 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 Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019 (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (Le...234 should be entered as 7341 Complete this question by entering your answers in the tabs below. Required A Required B Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place (1,234 should be entered as 23.4).) BENSON COMPANY Horizontal Analysis of Income Statements Percentage Change over 2018 Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income (loss) Required ) Complete this question by entering your answers in the tabs below. Required A Required B Perform a vertical analysis, showing each income statement component as a percentage 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).) BENSON COMPANY Vertical Analysis of Income Statements Percentage of Percentage of Sales 2019 Sales 2018 Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income