Income statements for Jordan Company for 2018 and 2019 follow: 2018 JORDAN COMPANY Income Statements 2019 Sales $200,100 Cost of goods sold 142,700 Selling expenses 21,900 Administrative expenses 12,300 Interest expense 3,800 Total expenses $180,700 Income before taxes 19,400 Income taxes expense 6,400 Net income $ 13,000 $180, 100 120,700 19,900 14,300 5,800 $160, 700 19,400 3,000 $ 16,400 Required 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 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 2018 and 2019. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (.e, 234 should be entered as 23,4).) JORDAN COMPANY Horizontal Analysis of Income Statements Percentage Change over 2018 Net income Required 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 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 2018 and 2019. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (.e., .234 should be entered as 23.4).) JORDAN COMPANY Horizontal Analysis of Income Statements Percentage Change over 2018 Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income (loss) Required > Complete this question by entering your answers in the tabs below. 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 answers to 1 decimal place. (l.e., .234 should be entered as 23.4). Sales JORDAN COMPANY Vertical Analysis of Income Statements Percentage of Percentage of Sales 2019 Sales 2018 % Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income 11 DUOTI