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 prolie per dollar of sales in 2016 compared to 2015 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 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 in Round percentage values to 1 decimal place) COMPUTER TYCOONING Income Statements For the Year Ended December 31 2016 2015 Change in Dollar Percentage