3) You were not totally satisfied with the vertical analysis, so you now want to run a horizontal analysis of this company. Complete table 4-6. Perform a horizontal analysis on these accounts. Compare the changes in accounts, and in a sentence describe those changes that were beneficial or detrimental to this company. TABLE 4-6 Sample Balance Sheet 2012 2013 Horizontal Analysis Current assets Total fixed assets Total assets Current liabilities Long-term debt $ 7,000,000 8,000,000 15,000,000 $ 3,000,000 4,000,000 8,000,000 $15,000,000 $ 9,000,000 6,000,000 15,000,000 $ 1,000,000 4,000,000 10,000,000 Owner's equity Total liabilities & owner's equity $15,000,000