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Attached is the income statement and balance sheet for Chester Inc. Please help with the horizontal and vertical analysis of income statement and balance statement.

Attached is the income statement and balance sheet for Chester Inc. Please help with the horizontal and vertical analysis of income statement and balance statement. Thanks

image text in transcribed Chester, Inc. Balance Sheet As on December 31, 2015 2014 2013 Assets Current assets: Cash on Hand Checking Account - Operating MMKT Accounts Accounts Receivable Other Receivables Allowance for Doubtful Accounts Inventory Reserve for Inventory Obsolescence Prepaid Insurance Prepaid Rent Office Supplies 2,511 243,892 1,205,563 49,042,528 1,200,000 (2,942,552) 65,990,780 (10,558,525) 2,667,722 9,182 2,459 252,858 983,161 56,472,091 1,400,000 (2,387,691) 75,351,471 (12,136,103) 2,830,474 9,565 2,483 247,646 806,288 20,513,628 (1,578,525) 23,531,507 (3,765,000) 1,829,143 250,000 9,259 Investments - Trading 6,978,923 113,840,024 6,850,198 129,628,483 6,935,712 48,782,141 131,040 833,775 3,280,589 (1,403,257) - 131,040 698,775 3,280,589 (786,102) - 146,250 779,882 541,522 (205,000) 67,301 2,842,147 3,324,302 1,329,955 116,682,171 132,952,785 50,112,096 12,850,648 198,384 7,089 9,589 99,192 46,200 7,089 9,589 6,011,540 47,481,737 721,480 568,429 459,000 15,000,000 83,469,966 19,488,866 264,513 9,452 12,785 132,256 61,630 9,452 12,785 3,205,440 52,231,360 677,640 470,311 504,000 15,250,000 92,330,490 8,934,591 36,838 1,648 730 7,541 3,519 1,648 730 12,500,000 6,000,000 27,487,245 Long Term Notes Payable 12,040,880 12,762,360 Total Long Term Liabilities Total Liabilities Stockholder's Equity 12,040,880 95,510,846 12,762,360 105,092,850 27,487,245 Common Stock Paid-in Capital Retained Earnings 10,131,250 9,278,750 1,761,325 10,131,250 9,278,750 8,449,935 10,131,250 9,278,750 3,214,851 21,171,325 27,859,935 22,624,851 116,682,171 132,952,785 50,112,096 Total current assets Fixed assets: Land Buildings and Land Improvements Machinery, Equipment, Office Furniture Accum. Depreciation Other Noncurrent Assets Total fixed assets Total Assets Liabilities Current liabilities: Accounts Payable Wages Payable FICA Employee Withholding Medicare Withholding Federal Payroll Taxes Payable State Payroll Taxes Payable FICA Employer Withholding Medicare Employer Withholding Income Taxes Receivable/Payable Line of Credit Current Portion Long-Term Debt Interest payable Bonuses payable Dividend payable Total current liabilities Long Term Liabilities: Total Stockholder's Equity Total liabilities and Stockholder's Equity - Chester, Inc. Income Statement For the Year Ending December 31, 2015 Revenue: Sales Less: Sales Return Net sales Less: Cost of Goods Sold Gross Profit Less: Expenses Administrative Wages Expense Advertising Expense Auto Expenses Bad Debt Expense Bonus Expense Depreciation Expense Freight Insurance Expense Legal and Professional Expense Maintenance Expense Miscellaneous Office Expense Payroll Tax Expense Pension/Profit-Sharing Plan Ex Phone Postal Property Tax Expense Rent or Lease Expense Research and Development Utilities Warehouse Salaries Warranty Expense Total Expenses Net Operating Income Add: Other Income Income from Investments Interest Income 2014 2013 288,876,206 23,110,096 265,766,110 271,839,067 12,432,247 259,406,820 307,716,148 5,621,979 302,094,169 179,103,248 86,662,862 161,029,981 98,376,839 176,961,437 125,132,732 19,706,506 1,058,391 214,001 13,900,800 459,000 617,155 4,325,068 951,774 8,987,069 87,641 25,390 1,609,342 3,366,000 53,651 79,360 101,319 2,230,615 3,080,313 155,600 5,270,689 18,344,399 1,161,276 235,763 5,875,403 504,000 581,102 4,749,095 1,045,085 11,037,039 96,020 27,803 1,767,149 3,696,000 57,911 87,140 110,252 1,370,273 532,425 170,765 5,848,120 21,094,132 1,121,425 261,218 2,028,032 166,250 5,378,689 1,067,428 4,506,417 76,420 21,279 1,938,736 3,750,000 95,467 160,042 100,619 3,254,357 38,639,554 169,554 5,791,730 1,422,381 1,297,104 1,375,352 67,702,065 18,960,797 58,594,124 39,782,715 90,996,701 34,136,031 678,112 142,168 573,158 147,707 600,791 255,379 2,942,147 3,373,056 1,093,750 16,838,930 37,130,524 23,965,000 9,933,451 7,269,540 14,142,240 2,956,250 Less: Other Expenses Interest Expense Loss on Legal Settlement Net Income Before Income Tax Less: Income Tax Expenses Income Tax Expense - Federal Income Tax Expense - State 1,258,000 2,503,200 536,250 Net Income 8,311,390 20,485,084 6,440,951 Earnings Per Share $ 1.00 $ 2.48 $ 0.78 125132732 8,275,000

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