Income statements for Campbell Company for Year 3 and Year 4 follow: CAMPBELL 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 $201,700 142,700 21,300 12,900 3,400 Year 3 $181,700 120,700 19,300 14,900 5,400 $180,300 $160,300 21,400 6,000 21,400 3,600 $ 15,400 $ 17,800 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.

Income statements for Campbell Company for Year 3 and Year 4 follow: 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: Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. (Pe may not add exactly due to rounding. Round your percentage answers to 1 decimal place. (f.e., 0.234 should be en 23.4).) Perform a horizontal analysis, showing the percentage change in each income statement component between Year 4. (Negative answers should be indicated by a minus sign. Round your percentage answers to 1 decimal place. (ile: should be entered as 23.4).)