Income statements for Solomon Company for Year 3 and Year 4 follow SOLOMON COMPANY Income Statements Sales Year 4 $200,800 Year 3 $180,800 Cost of goods sold 142,900 120,900 Selling expenses 21,100 19,100 Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income 12,700) 14,700 3,200 5,200 $179,900 $159,900 20,900 6,400 20,900 3,400 $ 14,500 $ 17,500 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. Complete this question by entering your answers in the tabs below. Deur A Danded D