2 points Exercise 13-3A (Algo) Horizontal and vertical analysis LO 13-1 Income statements for Benson Company for Year 3 and Year 4 follow: Check my work BENSON COMPANY Income Statements eBook Year 4 Year 3 Sales $ 201,200 $ 181,200 Hint Cost of goods sold 142,300 120,300 Selling expenses 21,800 19,800 Ask Administrative expenses 12,000 14,000 3,800 5,800 Print References 179,900 159,900 21,300 5,200 21,300 3,500 $ 16,100 $ 17,800 Interest expense Total expenses Income before taxes Income taxes expense Net income 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. Mc Graw Complete this question by entering your answers in the tabs below. Required A Required B Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. < Prev 2 of 10 Next > Required A Required B Check my work Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. Note: Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., 0.234 should be entered as 23.4). BENSON COMPANY Horizontal Analysis of Income Statements Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income (loss) Percentage Change over Year 3 % % Required A Required B < Prev 2 of 10 Next Show less Required A Required B Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Note: Percentages may not add exactly due to rounding. Round your answers to 1 decimal place. (i.e., 0.234 should be entered as 23.4). Sales BENSON COMPANY Vertical Analysis of Income Statements Cost of goods sold Selling expenses Interest expense Administrative expenses Percentage of Percentage of Sales Year 4 Sales Year 3 % % Total expenses Income before taxes Income taxes expense % Net income < Required A % Required B < Prev 2 of 10 Next Check my work