Saved Exercise 13-3A Horizontal and vertical analysis LO 13-1 Income statements for Baird Company for Year 3 and Year 4 follow. 13:13 BAIRD COMPANY Income Statements Year 4 Sales $ 200,000 Cost of goods sold 142,900 Selling expenses 20, 200 Administrative expenses 12,300 Interest expense 3,400 Total expenses 5178,869 Income before taxes 21,200 Income taxes expense 5,800 Net income $ 15,400 Year 3 $180,00 120,900 18,280 14,300 5 $ 158,800 21,200 3,200 $ 18,000 Required a. Perform a horizontal analysis showing the percentage change in each income statement component between Year 3 and Year 4 b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year nces Complete this question by entering your answers in the tabs below. Required A Required B Perform a horizont analysis, showing the percentage change in each income statement component between Year 3 and Year 4: (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place 234 should be entered as 23.4).) BAIRD COMPANY Horizontal Analysis of Income Statements Percentage Change Required a. Perform a horizontal analysis, showing the percentage change in each income statement component bet b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each Complete this question by entering your answers in the tabs below. Required A Required B Perform a horizontal analysis, showing the percentage change in each income statement component between Year 4. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 shou entered as 23.4).) % BAIRD COMPANY Horizontal Analysis of Income Statements Percentage Change over Year 3 Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense % Net income (loss) Required B > Complete this question by entering your answers in the tabs below. Required A Required Perform a vertical analysis, showing each income statement component as a percentage of may not add exactly due to rounding. Round your answers to 1 decimal place. (i.e. 234 sha BAIRD COMPANY Vertical Analysis of Income Statements Percentage of Percentage of Sales Year 4 Sales Year 3 Sales % Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income % %