Present in the proper form a comparative horizontal analysis of the corporate balance sheet shown below. Comment on any items of difference that you consider significant.LO1

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Assets Current Assets Cash Year 0007 Year 0008 $ 11,300 $ 15,400 Credit card receivables 4,500 6,300 Accounts receivable 11,100 18,900 Vending inventories Prepaid expenses Total Current Assets 7,500 8,400 4,200 4,100 $ 38,600 $ 53,100 Property Plant & Equipment Land Building Furnishings Equipment Accumulated depreciation Glassware, linen inventories Net Property and Equipment Total Assets Liabilities & Stockholders' Equity Current Liabilities Accounts payable Accrued expenses payable Taxes payable Current portion, mortgage payable Total Current Liabilities Long-Term Liabilities Mortgage payable Total Liabilities $ 81,200 $ 81,200 758,100 795,300 83,712 93,412 90,688 90,688 (315,500) (335,800) 12,200 15,300 $710,400 $740,100 $749,000 $793,200 $ 9,200 $ 12,200 4,150 4,900 12,150 15,500 13,500 11,200 $ 39,000 $ 43,800 $423,800 $412,300 $462,800 $456,100 Stockholders' Equity Capital stock $125,200 $145,200 Retained earnings 161,000 191,900 Total Stockholders' Equity $286,200 $337,100 Total Liabilities & Stockholders' Equity $749,000 $793,200