ROONEY COMPANY Income Statements 2019 Sales $200,200 Cost of goods sold 142,200 Selling expenses 20,800 Administrative expenses 12,400 Interest expense 3,900 Total expenses $179, 300 Income before taxes 20,900 Income taxes expense 6,200 Net income $ 14,700 2018 $180,200 120200 18,800 14,400 5,900 $ 159,300 20,900 3,400 $ 17,500 Required a. Perform a horizontal analysis, showing the percentage change in ea b. Perform a vertical analysis, showing each income statement compon Complete this question by entering your answers in the tabs belo Required A Required B Perform a vertical analysis, showing each income statement component a may not add exactly due to rounding. Round your answers to 1 decimal p ROONEY COMPANY Vertical Analysis of Income Statements