Assets: Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets Long-Term Investments Property, Plant & Equipment Intangible Assets Total Long-Term Assets Total Assets Liabilities & Equity: Liabilities: Accounts Payable Lincoln Company Balance Sheet Current Portion of Long-Term Liabilties Total Current Liabilities Long-Term Liabilities Total Liabilities Equity: Preferred 6% Stock, $100 par Common Stock, $10 par Retained Earnings Total Equity Total Liabilities & Equity 12/31/2014 118,500 115,000 311,000 5,500 550,000 95,000 444,500 50,000 589,500 1,139,500 101,000 109,000 210,000 100,000 310,000 150,000 500,000 179,500 829,500 1,139,500 12/31/2013 124,500 120,000 283,000 5,500 533,000 177,500 470,000 50,000 697,500 1,230,500 125,000 118,000 243,000 200,000 443,000 150,000 500,000 137,500 787,500 1,230,500 Complete the Horizontal Analysis for these Financial Statements Lincoln Company Income Statement For the Years Ended Revenue Sales Sales Returns & Allowances Net Revenue Cost of Goods Sold Gross Margin Operating Expenses Selling Expenses Administrative Expenses Total Operating Expenses Net Income from Operations Other Income/(Expenses) Other Income Interest Expense Total Other Income/(Expenses) Net Income before Income Taxes Income Tax Expense Net Income 12/31/2014 12/31/2013 1,530,500 1,234,000 (32,500) (34,000) 1,498,000 1,200,000 1,043,000 455,000 191,000 104,000 8,500 (6,000) 2,500 820,000 380,000 295,000 244,400 160,000 135,600 162,500 71,500 91,000 147,000 97,400 11,000 (12,000) (1,000) 134,600 58,100 76,500