90,000) S 150,000 (80,000) $ 110,000 Net income Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for 20Y5 when compared with 20Y4. Round to one decimal place. a. b. what conclusions can be drawn from the horizontal analysis? E9-6 Current position analysis Company for the years ended December 31, 209 and December 31, 20Y8: following data were taken from the comparative balance sheet of Osborn S cap Dec. 31,20Y9 Dec. 31, 20YS Cash Temporary investments Accounts and notes receivable (net) Inventories Prepaid expenses $ 150,000 250,000 $ 100,000 500,000 850,000 50,000 $1,800,000 $ 700,000 50,000 $ 750,000 150,000 400,000 610,000 40,000 $1,300,000 460,000 40,000 Total current assets Accounts payable Accrued liabilities Total current liabilities $ 500,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. b. What conclusions can be drawn from these data