3 2 points Exercise 13-3A (Algo) Horizontal and vertical analysis LO 13-1 Income statements for Baird Company for Year 3 and Year 4 follow BAIRD COMPANY Income Statements dank Sales Year 6 $201,400 Year 3 $181,400 Cost of goods sold 142,600 120,600 Selling expens 21,300 Print Administrative expe 12,300 19,300 14,300 Interest expense 3,600 5,600 Total expenses $179,800 $159,800 Incose before taxes Income taxes expense Net income 21,400 6,800 $14,800 21,600 3,300 $18,300 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 Complete this question by entering your answers in the tabs below. Required A Required 8 Perform a horizontal 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. 0.4, 0.234 should be entered as 23.4).) BAIRD COMPANY Check my work 3 2 points b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Complete this question by entering your answers in the tabs below. Required A Required B eBook Hind Print References Perform a horizontal 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. (i.e., 0.234 should be entered as 23.4).) BAIRD 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 > Che 3 2 points look Hint Print ences b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. 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 sales for each year. (Percentages may not add exactly due to rounding. Round your answers to 1 decimal place. (ie., 0.234 should be entered as 23.4).) BAIRD COMPANY Vertical 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 Percentage of Sales Year 4 Percentage of Sales Year 3 Check w