Income statements for Benson Company for Year 3 and Year 4 follow: BENSON COMPANY Income Statements Year 4 Sales $200,100 Cost of goods sold 143,000 Selling expenses 20,400 Administrative expenses 13,000 Interest expense 3,600 Total expenses $180,000 Income before taxes 20,100 Income taxes expense 7,000 Net income $ 13,100 Year 3 $180,100 121,000 18,400 15,000 5,600 $160,000 20,100 3,200 $ 16,900 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. a 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 Year 3 and Year 4. (Negative answers should be indicated by a minus sign. Round your percentage answers to 1 decimal place. (I.e., 0.234 should be entered as 23.4).) Required A Required B Perform a horizontal analysis, showing the percentage 4. (Negative answers should be indicated by a minus sie should be entered as 23.4).) BENSON COMPANY Horizontal Analysis of Income Statements Percentage Change over Year 3 Sales % Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income (loss) % Rogue Required A Required B Perform a vertical analysis, showing each income statement compor may not add exactly due to rounding. Round your percentage answe 23.4).) A BENSON COMPANY Vertical Analysis of Income Statements Percentage of Percentage of Sales Year 4 Sales Year 3 Sales % % Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income % % de