2 Condensed information is available for SILVER Ltd. in Assignment-Data sheet Using the Assignment-Template, form the I/S and the B/S for the company Using horizontal analysis, calculate the percentage of the base-year \% for each of the statement of financial position and income 4 statement items, assuming 2018 is the base year. Using horizontal analysis, calculate the percentage of YoY \% changes for each of the statement of financial position and income 5 statement hems. Using vertical analysis, calculate the percentage of the base amount for the statement of financial position (\% of Total Assets (or Total 6 L+OE) Analysis) and income statement (\% of Sales Analysis) for each year. ldentify at least one important change over the three year period in SILVER Ltd's statement of financial position and write your 7 comments about it. 8 Identify at least one important change over the three year period in SILVER Lid's incorne statement and write your comments about it. 23 \begin{tabular}{|l|l|r|r|r|} \hline & \multicolumn{1}{c|}{ A } & B & C & \multicolumn{1}{c|}{ D } \\ \hline 1 & & SILVER LTD. & & \\ \hline & & B/S \& I/S accounts & & \\ \hline 3 & & (in thousands) & & \\ \hline 4 & & 2020 & 2019 & 2018 \\ \hline 5 & Operating Expenses & 225,000 & 126,000 & 105,000 \\ \hline 6 & Common Shares & 495,000 & 450,000 & 450,000 \\ \hline 7 & Current Liabilities & 127,500 & 120,000 & 45,000 \\ \hline 8 & Long Term Investments & 82,500 & 105,000 & 67,500 \\ \hline 9 & Accounts Receivable & 82,500 & 67,500 & 72,000 \\ \hline 10 & Interest Expense & 15,000 & 6,000 & 3,000 \\ \hline 11 & Retained Earnings & 247,500 & 187,500 & 124,500 \\ \hline 12 & Inventory & 150,000 & 127,500 & 96,000 \\ \hline 13 & Property, plant and equipment & 750,000 & 555,000 & 387,000 \\ \hline 14 & Cost of Good Sold & 675,000 & 450,000 & 300,000 \\ \hline 15 & Income Tax Expense & 27,000 & 18,600 & 8,400 \\ \hline 16 & Cash & 37,500 & 30,000 & 27,000 \\ \hline 17 & Sales & 1,050,000 & 675,000 & 450,000 \\ \hline 18 & Non-current Liabilities & 232,500 & 127,500 & 30,000 \\ \hline 19 & & & & \\ \hline 20 & & & & \\ \hline 21 & & & & \\ \hline \end{tabular}