JORDAN COMPANY Income Statements Year 4 Year 3 Sales $201,400 $181,400 Cost of goods sold 143,100 121,100 Selling expenses 21,400 19,400 Administrative expenses 12,400 14,400 Interest expense 3,500 5,500 Total expenses $180,400 $160,400 Income before taxes 21,000 21,000 Income taxes expense 6,700 3,900 Net income $14,300 $17,100 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 belo Required A Required B Perform a horizontal analysis, showing the percentage change in each ino 4. (Negative answers should be indicated by a minus sign. Round your an entered as 23.4).) JORDAN COMPANY Horizontal Analysis of Income Statements Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Percentage Change over Year 3 %