just answer part B

Income statements for Baird Company for Year 3 and Year 4 follow: BAIRD COMPANY Income Statements Year 4 Sales $200,800 Cost of goods sold 143,600 Selling expenses 20,900 Administrative expenses 12,700 Interest expense 3,100 Total expenses $180,300 Income before taxes 20,500 Income taxes expense 6,600 Net income $ 13,900 Year 3 $180,800 121,600 18,900 14,700 5, 100 $160,300 20,500 3,900 $ 16,600 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. Required A Required B 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 percentage answers to 1 decimal place. (i.e., 0.234 should be entered as 23.4).) BAIRD COMPANY Horizontal Analysis of Income Statements Percentage Change over Year 3 Sales 11.1 % 18.1 Cost of goods sold Selling expenses Administrative expenses 10.6 (13.6) (39.2) Interest expense Total expenses 12.5 Income before taxes 0.0 69.2 Income taxes expense Net income (loss) (16.3)% 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. (i.e., 0.234 should be entered as 23.4).) BAIRD COMPANY Vertical Analysis of Income Statements Percentage of Percentage of Sales Year 4 Sales Year 3 Sales 100.0 % 100.0 % Cost of goods sold 71.4 67.2 Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income % %