Income statements for Munoz Company for 2018 and 2019 follow MUNOZ COMPANY Income Statements 2019 2818 $200,100 $180,100 Sales Cost of goods sold Selling expenses 142,200 120, 280 21,000 19,000 Administrative expenses 13,000 15,000 5,488 $179,600 $159,680 20,500 20,500 3,200 13,700 17,3e0 Interest expense Total expenses Income before taxes Income taxes expense Net income 6,880 Required a. Perform a honzontal analysis, showing b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year the percentage change In each Income statement component between 2018 and 2019. Complete this question by entering your answers in the tabs below. Required A Required B income statement component between 2018 and 2019 Perform a horizontal analysis, showing the percentage change in each (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) MUNOZ COMPANY Horizontal Analysis of Income Statements 9% Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before tsxes Income taxes expense Net income (loss) RequiredB