4. Based on the accompanying information, perform horizontal analysis between 2020 and 2019 on the balance sheet. 5. Based on the following transactions, prepare the appropriate journal entries and prepare the stockholder's equity section of the Balance Sheet. a. January 1,2020 . Issued 2,000 shares of $1 par value common stock for cash at $15 per share. b. March 1, 2020. Issued 300 shiares of no-par value preferred stock for $15,000 cash. c. August 1, 2020. Dividends of $10,000 were declared. d. September 1,2020. Reacquired 200 shares of its own stock for $18. e. October 1, 2020. The dividends declared above were paid. f. November 1,2020. Sold 100 shares of the stock purchased on September 1 for $22. g. Net Income was $45,000. No journal entry is required for this fact. Revenues Expenses: Cost of Goods Sold Salaries Depreciation Expense - Vehicles Depreciation Expense - Equipment Rent Expense Gain on Sale of Vehicle Loss on Sale of Equipment Net Income Assets: Cash Accounts Receivable Inventory Equipment Accum. Depr - Equipment Vehicles Accum. Depr - Vehicles Total Assets $175,000 \begin{tabular}{cc} & (95,000) \\ & (28,000) \\ & (6,000) \\ & (3,000) \\ & (7,000) \\ I2,000 \\ & (4,000) \\ \hline$34,000 \\ \hline \end{tabular} \begin{tabular}{cc} & 2020 \\ \hline$ & 82,000 \\ & 52,000 \\ & 28,000 \\ & 38,000 \\ & (28,000) \\ & 30,000 \\ & (34,000) \\ \hline$ & 168,000 \\ \hline \end{tabular} Change \begin{tabular}{cc} \hline$ & 14,000 \\ & 4,000 \\ & (1,000) \\ & (30,000) \\ & 22,000 \\ & (42,000) \\ & 30,000 \\ \hline$ & (3,000) \\ \hline \end{tabular} Total Assets Liabilities: Accounts Payable Salaries Payable Bonds Payable Total Liabilities \begin{tabular}{lll} $168,000 & $171,000 \\ \hline \end{tabular} $(3,000) Equity: Common Stock Retained Earnings Total Equity \begin{tabular}{rr} 500 & 500 \\ 37,500 & 41,500 \\ \hline 38,000 & 42,000 \\ \hline \end{tabular} (4,000)(4,000) Total Liabilities and Stockholder's Equity (3,000)