Income statements for Burch Company for 2018 and 2019 follow: BURCH COMPANY Income Statements 2019 2018 Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income $240,000 $200,e00 180,000 124,000 26,000 20,098 18,090 8,000 $225,500 $170,000 12,000 7,500 14,500 30,00 3,690 s 13,300 27,000 1,200 Required a. Perform a horizontal analysis, showing the percentage change in each income statement compo b. Perform a vertical analysis, showing each income statement component as a percentage of sale Complete this question by entering your answers in the tabs below. RequiredA Required B Perform a horizontal analysis, showing the percentage change in each income statement component bet svegative answers should be indicated by a minus sign. Round your answers to 1 decimat ple i 23 as 23.4,- BURCH COMPANY Horizontal Analysis of Income: Statements Percentage Change Eales Prever pe here to search 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 each income statement component between 2018 and 2019. 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 INegative answers should be indicated by a minus sign. Round your ansivers to 1 decimual place.(e, 234 should be entered as 23.4)) Horizontai Analysis of Inoome Statements Sales Cest of goods sold inberest expense Totsl expenses Income before tace income taxes eopense Net incoma loss) C Prev of Next> Oo ype here to search Required a. Perform a horizontal analysis, showing the percentage change in each income staternent component between 2018 and 2019 showing each income statement component as a percentage of sales for each year Required B Complete this quesoon ay entering your answers in the tabs below Required A Recuired a percentage of sales for each year. ( Vertical Analysis of Icome Statements of Sales Cost of goods sold Total expenses Inoome before taves ncome taxxes expense Required A e to search