$6,000 Notes payable $10,000 Accounts payable 30,242 43,524 5,400 Accrued and withheld payroll taxes 6,250 $59,774 $41,642 Total current liabilities Stockholders' Equity Common stock ($10 par) Retained earnings $84,000 $100,000 170,126 75,108 $270,126 $159,108 $200,750 Total stockholders' equity Total liabilities and stockholders' equity $329,900 Required: Prepare a horizontal analysis. Add columns to show the amount of increase (decrease) and the percentage change. Round percentages to one decimal place. Do not enter the percent sign. For example, 60% would be entered as 60. Miller Electronics Corporation Comparative Income Statement For Years Ended December 31, 20-2 and 20-1 20-2 Amount 20-1 Amount Increase (Decrease) Percent $2.9420 BG,7H2 99878 $.930 $420,600 $650,220 Net sales (all on account) 395,410 258,668 Cost of goods sold $254,810 $161,932 Gross profit $63,518 $42,288 Administrative expenses 65,992 43,936 Selling expenses 43,26 $86,224 $129,510 Total operating expenses $75,708 $125,300 Operating income 18 1,282 1,204 Interest expense 44,5/4 d73 75 $139.139 $74,504 Income before income taxes $124,018 13,630 31,005 Income tax expense $60,874 $93,013 Net income Miller Electronics Corporation Comparative Balance Sheet December 31, 20-2 and 20-1