Income statements for Jordan Company for Year 3 and Year 4 follow. JORDAN COMPANY Income Statements Year 4 Sales $200,700 Cost of goods sold 243,700 Selling expenses 21,900 Administrative expenses 12,600 Interest expense 3.100 Total expenses 5281,300 Income before taxes 19,400 Income taxes expense 6, 200 Net Income $ 13,200 Year 3 $180,200 121,700 19,900 14,600 5.100 $261,300 19,400 3800 $ 15,600 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. (lie, 0.234 should be entered as 23.4)) JORDAN 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 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. (le, 0.234 should be entered as 23,4)) JORDAN 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 exponse Net income