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Income statements for Jordan Company for Year 3 and Year 4 follow: JORDAN...

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Accounting

Income statements for Jordan Company for Year 3 and Year 4 follow:
JORDAN COMPANY
Income Statements
Year 4 Year 3
Sales $ 201,200 $ 181,200
Cost of goods sold 142,800120,800
Selling expenses 21,50019,500
Administrative expenses 12,30014,300
Interest expense 3,6005,600
Total expenses 180,200160,200
Income before taxes 21,00021,000
Income taxes expense 5,6003,100
Net income $ 15,400 $ 17,900
Required
Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4.
Perform a vertical analysis, showing each income statement component as a percentage of sales for each year.
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