Income statements for Walton Company for Year 3 and Year 4 follow.

WALTON COMPANY
Income Statements
	Year 4	Year 3
Sales	$201,100	$181,100
Cost of goods sold	142,400	120,400
Selling expenses	20,000	18,000
Administrative expenses	12,900	14,900
Interest expense	3,100	5,100
Total expenses	$178,400	$158,400
Income before taxes	22,700	22,700
Income taxes expense	6,800	3,600
Net income	$15,900	$19,100

Required

Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4.

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. 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).) Complete this question by entering your answers in the tabs below. 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. (i.e., 0.234 should be entered as 23.4 ).)