Problem 13-18A (Algo) Vertical analysis LO 13-1 Required Prepare a vertical analysis of both the balance sheets and income statements for Year 4 and Year 3. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Analysis Bal Sheet Analysis Inc Stmt Prepare a vertical analysis of an income statements for Year 4 and Year 3. (Percentages may not add exactly due to rounding Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) MUNOZ COMPANY Revenues Sales (net) Other revenues Vertical Analysis of Income Statements Year 4 Year 3 Amount Percentage of Total Amount Percentage of Total $ $ 96.20 % 96.79% 230,100 211,000 9,100 3.80 x 7,000 3.21 X 239,200 100.00 218,000 100.00 x Total revenues Expenses Cost of goods sold 119,600 50.00 X 102,600 47.06 x Selling, general, and administrative expense 54,600 22.83 x 49,100 22.52 x Interest expense 7,000 2.93 X 6,200 2.84 x Income tax expense 22,900 9.57 X 21,900 10.05 x Total expenses 204,100 85.33 x 179,800 82.48 x Net income $ 35,100 14.67 % $ 38,200 17.52 % < Analysis Bal Sheet Analysis Inc Stmt >