Income statements for Rooney Company for Year 3 and Year 4 follow HOONEY COMPANY Income Statements Year 4 Sales $201.900 Cost of goods sold 143,200 Selling expenses 20,00 Administrative expenses 12,500 Interest expense 3,400 Total expenses $175.000 Incone before taxes 22,100 Income taxes expense 6.500 Net Income $ 15,500 01 Year 3 $181.900 121,200 18,800 14,500 5,400 $159.900 22,000 J. 100 $ 18,900 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