Assets	2018	2017
Current Assets:
Cash	$208,000	$262,200
Accounts Receivable	856,000	999,400
Inventory	1,900,000	1,349,000
Supplies	124,000	87,400
Long-term Assets:
Equipment	1,292,000	1,292,000
Less: Accumulated depreciation	(380,000)	(190,000)
Total assets	$4,000,000	$3,800,000
Liabilities and Stockholders' Equity
Current Liabilities:
Acounts Payable	$168,000	$129,200
Interest Payable	0	3,800
Income Tax Payable	76,000	76,000
Long-term Liabilities:
Notes Payable	760,000	760,000
Stockholders' Equity:
Common Stock	786,600	786,600
Retained Earnings	2,209,400	2,044,400
Total Liabilities and Stockholders' Equity	$4,000,000	$3,800,000

1. Prepare a verticle analysis of Fantasy Football's 2018 and 2017 balance sheets. Express each amount as a percentage of total assets for that year.

2. Prepare a horizontal analysis of Fantasy Football's 2018 balance sheet using 2017 as the base year.