SE4 and SE5, pp. 695-696. Horizontal Analysis Vision Inc.'s comparative income statements follow. Compute the amount and percentage changes for the income statements, and comment on the changes from 2013 to 2014. (Round the percentage changes to one decimal place.) Vision, Inc. Comparative Income Statements For the Years ended December 31, 2014 and 2013 Net sales Cost of goods sold Gross margin Operating expenses Operating income Interest expense Income before income taxes Income taxes expense Net income Earnings per share 2014 $360,000 224,000 $136,000 80,000 $ 56,000 14,000 $ 42,000 14,000 $ 28,000 $ 2.80 2013 $290,000 176,000 $114,000 60,000 $ 54,000 10,000 $ 44,000 16,000 $ 28,000 S 2.80 Vertical Analysis Vision, Inc.'s comparative balance sheets follow. Prepare the common-size statements and comment on the changes from 2013 to 2014. (Round to one decimal place.) Vision, Inc. Comparative Balance Sheets December 31, 2014 and 2013 2014 2013 Assets Current assets Property, plant, and equipment (net) Total assets $ 48,000 260,000 $308,000 $ 40,000 200.000 $240,000 Liability and Stockholders' Equity Current Liabilities $ 36,000 Long-term liabilities 180,000 Stockholders' Equity 92,000 Total liabilities and stockholders' equity $308,000 $ 40,000 120,000 76,000 $240,000