Income statements for Finch Company for Year 3 and Year 4 follow FINCH COMPANY Income Statements Year 4 Sales $201.790 Cost of goods sold 142,180 Selling expenses 21,900 Administrative expenses 12,700 Interest expense 3,400 Total expenses $180, 100 Income before taxes 21,600 Income taxes expense 5,780 Net income $ 15,900 Year 3 $181,700 120, 100 19,900 14,790 5,400 $160,100 21,600 3,800 $ 17,808 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 percentage answers to 1 decimal place. (l... 0.234 should be entered as 23,4).) FINCH COMPANY Prov 1 of 6 III Next > 1) Pomodoro Timer 327 Homework Savod 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).) FINCH 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) Required B > 1 of 6 ! Next > 7 Homework i Saved 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 percentage answers to 1 decimal place. (l.e., 0.234 should be entered as 23.4). FINCH 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 %