Based on the information below prepare a horizontal analysis and vertical analysis.

Balance Sheet as of 201Y Assets Current Assets Cash Total Current A ssets $12,000 12,000 $9,000 9,000 Vehicle (net) Total Long Term Assets 9,000 9,600 9,000 9,600 Total Assets $21,000 $18,600 Liabilitie Current Liabilities: Accounts Payable Total Current Liabilities Total Liabilities $5,000 5,000 5,000 $4,600 4.600 4,600 Equity: Contributed Capital Retained Earnings Total Equity Total Liabilities & Equity 10,000 6,000 16,000 $21,000 10,000 4,000 14,000 $18.600