a. Create a spreadsheet similar to Table 3.1 to model the following: (1) A multiple-step comparative income statement for Dayton Inc. for the periods ending December 31,2019 and 2018. You must calculate the cost of goods sold for the year 2019 . (2) A common-size income statement for Dayton Inc. covering the years 2019 and 2018 . b. Create a spreadsheet similar to Table 3.2 to model the following: (1) A detailed, comparative balance sheet for Dayton Inc. for the years ended December 31, 2019 and 2018. (2) A common-size balance sheet for Dayton Inc. covering the years 2019 and 2018 c. Create a spreadsheet similar to Table 3.10 to perform the following analysis: (1) Create a table that reflects both 2019 and 2018 operating ratios for Dayton Inc., segmented into (a) liquidity, (b) activity, (c) debt, (d) profitability, and (e) market. Assume that the current market price for the stock is $90. (2) Compare the 2019 ratios to the 2018 ratios. Indicate whether the results "outperformed the prior year" or "underperformed relative to the prior year." Thore about the Sarhanes-Oxley Act's provisions for companies. Select ont of then provisions, and indicate why you think financial statements will be mete trunthere thy if company financial executives implement this provision of 5OX. EXERCISE The income statement and balance sheet are the primary reports that a firm constructe for use by management and for distribution to stockholders, regulatory bodies, and the general public. They are the primary sources of historical financial information abour the firm. Dayton Products Inc. is a moderate-sized manufacturer. The company's ment. agement has asked you to perform a detailed financial statement analysis of the firm, The income statements for the years ending December 31,2019 and 2018 , respectively, are presented in the following table. You also have the following balance sheet information as of December 31,2019 and 2018 , respectively