Income statements for Finch Company for Year 3 and Year 4 follow. FINCH COMPANY Income Statements Sales Year 4 $200,900 Year 3 $180,900 Cost of goods sold 143,300 121,300 Selling expenses 20,500 18,500 Administrative expenses 13,000 15,000 Interest expense 3,200 5,200 Total expenses $180,000 $160,000 Income before taxes Income taxes expense Net income 20,900 6,000 $14,900 20,900 3,900 $17,000 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. 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 answers to 1 decimal place. (i.e., 0.234 should be entered as 23.4).) FINCH COMPANY Horizontal Analysis of Income Statements Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income (loss) Percentage Change over Year 3 % % Required A Required B >