2020 $ 300 480 2019 $ 460 620 1,000 $2,080 $ 580 500 730 $1,510 $ 310 100 400 400 600 700 $2,080 $1,510 CASE STUDY 1 BALANCE SHEET Cash Accounts receivable Inventory Total assets Accounts payable Notes payable Common stock Retained earnings Total liabilities and stockholders' equity Income Statement Net sales Cost of goods sold Gross margin Expenses: Salaries Warehousing costs Advertising Taxes Total expenses Net income $ 840 $ 550 120 $ 430 160 $ 680 $ 100 $ 150 80 120 60 90 45 75 $ 285 $ 145 $ 435 $ 245 Questions 1. Perform vertical and/or horizontal analysis of the statements and identify two things that appear to be unusual and could be possible symptoms of fraud