The consolidated 2022, 2021, and 2020 statements of earnings for Corcoran Inc. follow. Required: 1. Prepare common size statements of earnings for horizontal analysis (in percentage terms, rounded to two decimal places). You do not need to include the actual dollar amounts shown above. 2. Indicate what Corcoran's 2022, 2021, and 2020 tax rates were on its income before taxes (in Required: 1. Prepare common size statements of earnings for horizontal analysis (in percentage terms, rounded to two decimal places). You do not need to include the actual dollar amounts shown above. 2. Indicate what Corcoran's 2022, 2021, and 2020 tax rates were on its income before taxes (in percentage terms, rounded to two decimal places). 3. CONCEPTUAL CONNECTION Explain why net income increased by a larger percentage than sales in 2022 and 2021. The consolidated 2022, 2021, and 2020 statements of earnings for Corcoran Inc. follow. Required: 1. Prepare common size statements of earnings for horizontal analysis (in percentage terms, rounded to two decimal places). You do not need to include the actual dollar amounts shown above. 2. Indicate what Corcoran's 2022, 2021, and 2020 tax rates were on its income before taxes (in Required: 1. Prepare common size statements of earnings for horizontal analysis (in percentage terms, rounded to two decimal places). You do not need to include the actual dollar amounts shown above. 2. Indicate what Corcoran's 2022, 2021, and 2020 tax rates were on its income before taxes (in percentage terms, rounded to two decimal places). 3. CONCEPTUAL CONNECTION Explain why net income increased by a larger percentage than sales in 2022 and 2021