Vertical Analysis / Common-sized Statements Below is the income statement for Jeff's Brewery Sales $1,000,000 Cost of Goods Sold 275,000 Selling and Marketing Expense 400,000 Administrative Expense 120,000 Income Tax Expense 70,000 Net Income 135,000 Prepare a Common-sized Income Statement. How would you Common-size a Balance Sheet? Horizontal Analysis / Trend Analysis Below is the income statement for Jeff's Brewery Sales This Year $1,000,000 Last Year $830,000 Cost of Goods Sold 275,000 245,000 Selling and Marketing Expense 400,000 350,000 Administrative Expense 120,000 100,000 Income Tax Expense 70,000 60.000 Net Income 135,000 75,000 Calculate the Trend Analysis. How would you perform Trend Analysis on a Balance Sheet?