Income statements for Perez Company for 2018 and 2019 follow: PEREZ COMPANY Income Statements 2019 Sales $ 201,600 Cost of goods sold 142,500 Selling expenses 20,400 Administrative expenses 12,400 Interest expense 3,300 Total expenses $ 178,600 Income before taxes 23,000 Income taxes expense 6,700 Net income $ 16,300 2018 $181,600 120,500 18,400 14,400 5,300 $ 158,600 23,000 3.400 $ 19,600 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2 b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. ences 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. Ci.e...234 should be entered as 23.4):). PEREZ COMPANY Vertical Analysis of Income Statements Percentage of Percentage of Sales 2019 Sales 2018 Sales 100.0 % 100.0 % astfel 7 RIF RE 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 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. (...234 should be entered as 23.42:2... rences 663 PEREZ COMPANY Vertical Analysis of Income Statements Percentage of Percentage of Sales 2019 Sales 2018 Sales 100.0% 100.01% Cost of goods sold 70.8 Selling expenses 10.1 10.1 Administrative expenses 6.1 Interest expense 16 29 Total expenses 88.6 873 Income before taxes 126 Income taxes expense 3.3 Net Income 8.0% 11.4 10.1% ( Required A Regards