Income statements for Munoz Company for Year 3 and Year 4 follow MUNOZ COMPANY Income Statements Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income Year 4 $201,200 143,900 22,000 12,300 3,700 $181,900 19,300 5,800 $ 13,500 Year 3) $181,200 121,900 20,000 14,300 5,700 $161,900 19,300 3,000 $ 16,300 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.