Prepare a horizontal analysis of the balance sheets and income statements for Year 4 and Year 3

Problem 74-1/A (Algo) Horizontal analysis LU 14-1 Prepare a horizontal analysis of the balance sheets and income statements for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Analysis Bal Analysis Inc Sheet Stmt Prepare a horizontal analysis of the income statement. (Negative answers should be indicated by a minus sign. Round yo answers to 1 decimal place. (.e., .234 should be entered as 23.4).) VERNON COMPANY Horizontal Analysis of Income Statements Year 4 Percentage Year 3 Change Revenues Sales (net) $ 230,500 $ 210 100 % Other revenues 8,200 6,800 Total revenues 238,700 216,900 Expenses Cost of goods sold 119,100 102,700 Selling, general, and administrative expenses 54,700 48,900 Interest expense 7,200 6,400 Income tax expense 21,400 20,400 Total expenses 202,400 178,400 $ Net income (loss) 36,300 $ 38,500 %