Income statements for Walton Company for Year 3 and Year 4 follow. WALTON COMPANY Income Statements Year 4 Sales $201,300 Cost of goods sold 143,600 Selling expenses 20,600 Administrative expenses 12,100 Interest expense 3,900 Total expenses $180, 200 Income before taxes 21,100 Income taxes expense 5,400 Net income $15,700 Year 3 $181,300 121,600 18,600 14,100 5,900 $160,200 21,100 3,400 $17,700 Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., 0.234 should be entered as 23.4).) WALTON 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 (loss) %