CH Reg 1 Reg 2A Reg 2B 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 Computer Tycoon Inc. for the year ended December 31, 2016. (Decreases should be indicated by a minus sign. Round percentage values to 1 decimal place.) COMPUTER TYCOON, INC. Income Statements For the Year Ended December 31 Change in Dollars Percentage $ Sales Revenue Cost of Goods Sold Gross Profit Selling. General, and Administrative Expenses Interest Expense Income before Income Tax Expense Income Tax Expense Net Income 2016 115,000 67,500 47.500 37,500 650 9,350 2,000 7.350 2015 142,500 77,500 65,000 40,000 550 24.450 6,500 17.950 $ Req2A > E13-3 Preparing and Interpreting a Schedule for Horizontal and Vertical Analyses [LO 13-2, LO 13-3, LO 13-5) According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipment fell 3.8 percent between January and December 2016. 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 Computer Tycoon Inc. for the year ended December 31, 2016 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. 2-b. Excluding income tax, interest, and operating expenses, did Computer Tycoon earn more profit per dollar of sales in 2016 compared to 2015? Complete this question by entering your answers in the tabs below. Conduct a vertical analysis by expressing each ercentage of total revenues Hound percentage values to de Reg 1 Reg 2A Reg 2B Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round percentage values to 1 decimal place.) % COMPUTER TYCOON, INC. Income Statements For the Year Ended December 31 2016 Sales Revenue $ 115,000 Cost of Goods Sold 67,500 Gross Profit 47,500 Selling General and Administrative Expenses 37.500 Interest Expense 650 Income before Income Tax Expense 9,350 Income Tx Expense 2.000 350 Net Income 2015 142,5001 77.500 65.000 40.000 550 1% % 24.450 6,500 17.950 S Real Rea 28