II PROBLEM SOLVING Instruction: 1. Prepare horizontal analysis for 20R4 using 20R3 as base year. ( 24 points) 2. Perform vertical analysis for 20R4 and 20R3 income statement. ( 12 points) 12/31/20R4 12/31/20R3 Net sales P 3,375,000 P 2,700,000 Cost of goods sold 2,092,500 1,755,000 Selling expenses 540,000 324,000 Administrative expenses 270,000 243,000 Interest expense 148,500 108,000 Net Income P 324,000 270,000 Assignment for Research Google for images of the following business forms: 1. Purchase Request (PR) 2. Purchase Order (PO) 3. Check voucher (CV) 4. Delivery Receipt (DR) 5. Sales Invoice (SI) 6. Provisional Receipts 7 Official Receipts 8. Statement of Account