Income Statements for rundle company for year 3 and year 4 follow:

Income statements for Rundle Company for Year 3 and Year 4 follow RONDLE COMPANY Income Statements Year sales $200,500 Cost of goods sold 142.300 Selling expenses 21,500 Administrative expenses 12,100 Interest expense 4.000 Total expenses $179,900 Income before taxes 20.600 Income taxes expense 5.900 Net Income $ 14,700 Your 5 5180.500 129,100 19,500 16, 100 6.000 $159,900 20.600 2,200 17,400 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and 4 b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Your 4 b. Perform a vertical analysis, showing each income statement component as a percentage of saies for each year, Complete this question by entering your answers in the tabs below. Required A Required B Perform a horizontal analysis, showing the percentage change in each income statement component between Year and you 4. (Negative answers should be indicated by a minus sign. Round your percentage answers to local on 0.0.234 should be entered os 23,4).) RUNDLE 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 Net income (los) Required 8 > Prev 1 of 4 !!! Next > 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 percentage answers to 1 decimal place. (e, 0.234 should be entered as 23.4).) RUNDLE 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 taxes expense Net income