(15 Marks) (10 Marks) 1. Based on the balance sheet shown below: a) Present in the proper form a comparative horizontal analysis b) Comment on any items of difference that you consider significant Jemari Restaurant Balance Sheet as at 31st December 2017 and 2018 2017 (RM) 2018 (RM) Changes Assets Current Assets Cash 11,300 15,400 Credit card receivables 4,500 6,300 Net accounts receivables 11,100 18,900 Inventories 7.500 8.400 Prepaid expenses 4,200 4,100 Total current assets 38,600 53,100 % Property Plant and Equipment Land Buildings Furnishing Equipment Less: accumulated depreciation China, glassware, silver, linen and uniforms Total property and equipment Total Assets 81.200 758,100 83,712 90,688 (315,500) 12,200 81,200 795,300 93,412 90,688 (335,800) 15,300 710,400 740,100 749,000 793,200 Liabilities and Owners Equity Current liabilities Accounts payable Accrued expenses Taxes payable Current portion of long term mortgage Total current liabilities Long term liabilities Mortgage payable 9,200 4,150 12,150 13,500 12,200 4,900 15,500 11,200 39,000 43,800 423,800 412,300 462,800 456,100 Total liabilities Owners' equity Capital stock Retained earnings Total owners' equity 125,200 161,000 286,200 145,200 191.900 337,100 749,000 793,200 Total liabilities and owners' equity