a. Prepare a horizontal analysis for the period from 2019 to 2020 for the financial statements of Eagle Corp. provided below. Use a negative sign to indicate a decrease. Round the percentage change to the nearest whole percentage point (for example, enter 60 for 60.4% or 61 for 60.5%). Horizontal Analysis Income Statement 2019 2020 Dollar Change Percentage Change Revenues S525,000 $480,000 $ 0 0 % Cost of goods sold 325,500 300,000 $ 0 0 % Gross margin 199,500 180,000 $ 0 0 % Operating expenses 128,800 108,000 $ 0 0 % Net income $70,700 $72,000 $ 0 0 % Horizontal Analysis Balance Sheet 2019 2020 Dollar Change Percentage Change Current assets $39,200 $ 42,000 $ 0 0 % Non-current assets - 280,000 234,000 $ 0 0 % Total assets $319,200 $276,000 $ 0 0 % Current liabilities $ 37,800 $ 36,000 $ 0 0 % Non-current liabilities 133,000 108,000 $ 0 096 Total liabilities 170,800 144,000 $ 0 0 % Stockholders' equity 148,400 132,000 $ 0 0 % Total liabilities and stockholders' equity $319,200 $276,000 $ 0 0 % b. Prepare a vertical analysis for the years of 2019 and 2020 for the financial statements for Eagle Corp. provided below. Do not use a negative sign in your answers. Round to the nearest whole percentage point (for example, enter 60 for 60.4% or 61 for 60.5%). Vertical Analysis 2019 % of Sales 2020 % of Sales 0 % 0 % 0 % 0 % Income Statement Revenues Cost of goods sold Gross margin Operating expenses Net income 2019 2020 $525,000 $480,000 325,500 300,000 199,500 180,000 128,800 108,000 $70,700 $72,000 0 % 0 % 0 % 0 % 0 % 0 % Vertical Analysis 2020 % of Total Assets 2019 % of Total Assets 0 % 0 % 0 % 0 % 0 % 0 % Balance Sheet 2019 2020 Current assets $39,200 $ 42,000 Non-current assets 280,000 234,000 Total assets $319,200 $276,000 Current liabilities $37,800 $36,000 Non-current liabilities 133,000 108,000 Total liabilities 170,800 144,000 Stockholders' equity 148,400 132,000 Total liabilities and stockholders' equity $319,200 $276,000 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 %