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Income statements for Benson Company for 2018 and 2019 follow: BENSON COMPANY Income Statements 2019 2018 Sales $ 201,900 $ 181,900 Cost of goods sold 143,600 121,600 Selling expenses 21,900 19,900 Administrative...

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Accounting

Income statements for Benson Company for 2018 and 2019follow:

BENSON COMPANY
Income Statements
20192018
Sales$201,900$181,900
Cost of goods sold143,600121,600
Selling expenses21,90019,900
Administrative expenses12,20014,200
Interest expense3,3005,300
Total expenses$181,000$161,000
Income before taxes20,90020,900
Income taxes expense6,6003,500
Net income$14,300$17,400

Required

  1. Perform a horizontal analysis, showing the percentage change ineach income statement component between 2018 and 2019.

  2. Perform a vertical analysis, showing each income statementcomponent as a percentage of sales for each year.

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