ABC, Inc. Year 2 XYZ Corporation Year 3 Year 2 Year 1 Year 3 Year 1 Income Statement Revenue Cost of goods sold Selling & admin. expenses Interest expense Net Income 14.000 7,500 2.300 70 4.130 11.500 5,900 1.750 20 3.830 12,700 5,600 2.100 10 24,990 18,500 9,500 2,200 200 6,600 17.000 8.700 1,950 340 6.010 16,800 9.900 2,100 350 4.450 Balance Sheet Assets Cash Accounts receivable Inventory Property & equipment (nell Total Assets 1,200 265 2.040 9.200 12.705 975 250 1,600 5.400 9.225 1,220 460 1,600 1.200 4.480 3,300 450 2,600 10.250 16,600 2,700 300 2,300 3,900 9.200 1,975 320 1.690 3.700 7.685 Liabilities Accounts payable Unredeemed gift cards Long term liabilities 900 1,020 625 750 700 490 700 930 345 2,700 420 2,800 2,300 320 2,100 1,700 350 1.750 en el sector de terculty Stockholders' Equity Common stock Retained earnings Total Liabilities and Equity and to to the 2.595 815 815 9,3455,470 12,705 0.225 815 1,690 4,480 1,290 9,390 16,600 1,290 3,190 9,200 1,290 2,595 7,685 12. Calculate and enter a horizontal analysis for each item below and then briefly explain which company has better overall results. Round and state each calculation as presented in class. ABC XYZ Year 3 Year 2 Year 3 Year 2 Revenue Net income