2-3. Vertical analysis (Learning Objective 2) 10-15 min. The 2018 accounting records of Sullivan, Inc., showed the following: Cash, $14,400; Accounts Receivable, Net, \$5,600; Inventory, \$23,200; Prepaid Expenses, \$2,400; Plant and Equipment, Net, $34,400. Construct a vertical analysis of the asset section of Sullivan, Inc.'s balance sheet for 2018. Construct a vertical analysis of the asset section of Sullivan, Inc., balance sheet for 2018