Ch13 P1: Explain and apply methods of horizontal analysis. 5 of 9 Slide 5 chapter 13: Analysis of Financial Statements Explain and apply methods of horizontal analysis. Knowledge Check 1 Compute the dollar change and percent change for each account title, and select the answer choibe from the drop-down ist. Use year 1 as the base year Accounts Payable balance on Year 1 is $75,000 and on Year 2 is $65,000 Bonds Payable balance on Year 1 is $225,000 and on Year 2 is $220,000. Common Stock balance on Year 1 is $300,000 and on Year 2 is $310,000 Retained Earnings balance on Year 1 s $100,000 and on Year 2 is $145,000 Total Stockholder's Equity balance on Year 1 is $400,000 and on Year 2 is $455,000. Percent Change Account Accounts Payable Bonds Payable Common Stock Retained Earnings Total Stockholders' Equity Dellar Change Slide 5 Next> Prev 1 of 4 Bena 5 bility index LO P3 14.28 ts l by Jolee Company. The company requires a 10% return from factor(s) from the tables provided.) 9.930 19.000 5 of 7