1) Based on the given information for the Beagle Company below, prepare a horizontal analysis of their balance sheet in good form including $ change and % change for the Beagle Company.Round percentages to one decimal point. (1 pt.)

Assets: 2020 2019

Current Assets:

Cash 8,000 $6,000

Accounts receivable, net 31,500 25,000

Inventories 47,500 55,000

Total current assets 87,000 86,000

Property, Plant, equip, net 110,000 112,000

Goodwill and patents, net 12,000 4,000

Total assets $209,000 $202,000

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Liabilities and Stockholder's Equity

Current liabilities:

Notes payable $25,000 $24,000

Accounts payable 25,000 18,000

Total current liabilities 50,000 42,000

Long-term debt 54,000 68,000

Total liabilities 104,000 110,000

Stockholders'Equity:

Common Stock, $10 par 20,000 20,000

Retained earnings 85,000 72,000

Total stockholders' equity 105,000 92,000

Total liabilities and stockholders' equity $209,000 $202,000

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I do not plan to use this as my own work but as a study guide