Income statements for Jordan Company for Year 3 and Year 4 follow JORDAN COMPANY Income Statements Year 4 Sales $201.800 Cost of goods sold 142,700 Selling expenses 20, 500 Administrative expenses 12,400 Interest expense 3,880 Totat expenses $179,400 Incone before taxes 22,400 Incone taxes expense 6,500 Net incon $ 15,800 Year 5181,800 120,700 18,500 14,400 5,800 $159 400 22,400 3.700 $ 18,700 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. Bered Required Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and 4. (egative answers should be indicated by a minus sign. Round your percentage answers to 1 decimal place le 24 should be entered as 23:4).) JORDAN COMPANY Porc Change Required A Required B Perform a horizontal analysis, showing the percentage change in each Income s 4. (Negative answers should be indicated by a minus sign. Round your percenta 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 Not income (loss) % Required Required A Required Perform a vertical analysis, showing each income statement component aspec may not add exactly due to rounding. Round your percentage answers to 1 % 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 tags expense Net Income % %