Problem: Module 4 Textbook Problem 1 Learning Objective: 4-1 Differentiate between horizontal and vertical analysis Income statements for Rooney Company for Year 3 and Year 4 follow Required o. 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 onswers in the tabs below. Porform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and yeas 4hould be entered as 23.4 ).) b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each yeaf. Complete this question by entering your answers in the tabs below. 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 percentage answers to 1 decimal place. (i.e, 0.2224 should be entered as 23.4).) 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. 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 percentage answers to 1 decimal place. (1.e. 0.234 should be entered as 23,4) )