Reg 1 Req 2A Reg 28 Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Computer Tycoon Incorporated for the year ended December 31, 2018. (Decreases should be indicated by a minus sign. Round percentage values to 1 decimal place.) COMPUTER TYCOON, INCORPORATED Income Statements For the Year Ended December 31 2018 Change in 2017 Dollars Percentage Sales Revenue $ 105,000 $ 127,500 % Cost of Goods Sold 62,500 73,500 % Gross Profit 42,500 54,000 % Selling, General, and Administrative Expenses 36,500 38,000 % Interest Expense 550 500 % Income before Income Tax Expense 5,450 15,500 Income Tax Expense 1,500 5,500 % Net Income $ 3,950 $ 10,000 % Begi Req2A > Reg 1 Req 2A Reg 2B Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round percentage values to 1 decimal place.) COMPUTER TYCOON, INCORPORATED Income Statements For the Year Ended December 31 2018 2017 Sales Revenue $ 105,000 % $ 127,500 % Cost of Goods Sold 62,500 % 73,500 % Gross Profit 42,500 % 54,000 % Selling, General, and Administrative Expenses 36,500 % 38,000 % Interest Expense 550 % 500 % Income before Income Tax Expense 5,450 % 15,500 % Income Tax Expense 1,500 % 5,500 % Net Income $ 3,950 % $ 10,000 %