k #9 3rd Crec houseprie Please conta Saved Income statements for Baird Company for 2018 and 2019 follow BATRD COMPANY Income Statements 2019 Sales $ 201,900 Coat of goods sold 142.500 Selling expenses 20.500 Administrative expenses 12,100 Interest expense 3,700 Total expenses $178,800 Income before taxes 23,100 Income taxes expense 6, 200 Net income $ 16,900 2018 $181,900 120.500 18,500 14,100 5,700 $158,800 23,100 3.900 $ 19, 200 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019. 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 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. (.e., .234 should be entered as 23.4).) BAIRD COMPANY Vertical Analysis of Income Statements Percentage of Percentage of 33.33 points Required A Required B (8 02:32:29 Perform a vertical analysis, showing each Income statement component as a percentage of sa may not add exactly due to rounding. Round your answers to 1 decimal place. (I..234 shol eBook Percentage of Sales 2018 de . BAIRD COMPANY Vertical Analysis of Income Staten Percentage of Sales 2019 Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense References Net income Required A Complete this question by entering your answers in the tabs Required A Required B Perform a horizontal analysis, showing the percentage change in each (Negative answers should be indicated by a minus sign. Round your an as 23.4).) BAIRD COMPANY Horizontal Analysis of Income Statements Percentage Change over 2018 Sales 11.01% Cost of goods sold 18.3 Selling expenses 10.8 Administrative expenses 16.5 Interest expense (54.0) Total expenses 12.6 Income before taxes 0.0 Income taxes expense Net income (loss) (13.6) % Reguli