Income statements for Frankdin Company for Year 3 and Year 4 follow: Requitred a. Perform a horizontal analysis, showing the percentage change in eachincome statement component between Year 3 and b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Answer is not complete: Complete this question by entering your answers in the tabs below. Perform a horizontal analysis, showing the percentage change in eachincome statement component between year 3 and Year 4. Note: Negotive answers should be indicated by a minus sign. Round youn onswers to 1 decimal place: (lie i234 bhould be entered as 23.4). a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Ye; b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each yeat: Answer is not complete. Complete this question by entering your answers in the tabs below. Perform a vertical analysis, showing each income statement cormponent as a percentage of sales for each year. Note: Percentages may not add exactly due to rounding. Round your answersto 1 decimal place. (i.e.u.234 should be entered as 23.4)