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lake me to the text The following financial statements are taken from the records of Karde Inc. a) Use horizontal analysis techniques to compare the changes between 2019 and 2018 balance sheet items. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Round all percentages to the nearest whole number (i.e. 21.61% should be entered as 22% ). W) remurni a vertical analysis of the income statement for 2018 , stating all income statement items as a percentag of net sales. Karde Inc. Income Statement \begin{tabular}{|l|l|r|} \hline \multicolumn{2}{|c|}{ For the Year Ended February 28} \\ \hline Sales & \multicolumn{2}{|c|}{2019} \\ \hline Cost of Goods Sold & $697,000 & % \\ \hline Gross Profit & $243,950 & % \\ \hline Operating Expenses & & % \\ \hline Administrative Expense & $20,600 & % \\ \hline Selling Expense & $79,900 & % \\ \hline Total Operating Expenses & $100,500 & % \\ \hline Other Income and Expenses & & % \\ \hline Interest Expense & $19300 & % \\ \hline Income Before income Tax & $333,250 & % \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline Selling Expense & & \\ \hline Total Operating Expenses & $100,500 & % \\ \hline Other Income and Expenses & & % \\ \hline Interest Expense & $19,300 & % \\ \hline Income Before Income Tax & $333,250 & % \\ \hline Income Tax Expense & $99,975 & % \\ \hline Net Income & $233,275 & % \\ \hline \end{tabular} Check

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