The average price of a gallon of gas in 2013 dropped $0.12 (3 perceny from $3.61 in 2012 (to $3.49 In 2013). Required: 1 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 Insignia Corporation for the year ended December 31, 2013 (amounts in billions). (Decreases should be indicated by a minus sign. Enter your answers in billions (ie, 10,000,000,000 should be entered as 10). Round percentage values to 1 decimal place.) INSIGNIA CORPORATION Income Statements (dollars in billions) For the Year Ended December 31 2012 Change in Dollars Percentage 275 Total Revenues Costs of Crude Oil and Products Other Operating costs income before income Tax Expense Income Tax Expense 3542 43 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round percentage values to 1 decimal place.) INSIGNIA CORPORATION Income Statements (dollars in billions) For the Year Ended December 31 2013 Total Revenues 280 25 Costs of Crude Oil and Products Other Operating costs Income before Income Tax Expense Income Tax Expense 35 Net Income 543 2012 275 5 2-b. Excluding income tax and other operating costs. dild Insignia earn more profit per dollar of revenue in 2013 compared to 2012 No