Complete this question by entering your answers in the tabs below Analysis Ba Analysis Inc Stmt Prepare a horizontal analysis of the balance sheet. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e. be entered as 23.4).) FANNING COMPANY Horizontal Analysis of Balance Sheets 2018 e Change Assets Current assets Cash Marketable secur ties Accounis receivable (net) 17,700 $ 12,800 20,600 54,800 137,000 25,300 255,400 27,600 271,100 30,000 328,700 47,200 144,100 10,300 Prepaid items Total current assets 21,000 255,100 25,200 Plant inet) Land Total long-lerm assets Total assets S 584,100 523,400 Liabilities and Stocknolders' Equity Current liablities Noles payable 16,600 $ 112,200 20,900 5,200 98,40D 14,200 117,800 Salarios payable Total current liabilities 149,700 Noncurrent liabiities Bonds payable Other 99,400 30,900 130,300 280,000 99,400 25,600 125,000 242,800 Total noncurrent liabilities Total labilities Stockhalders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 6,500 shares authorized and issued) Common stock (no par, 50,000 shares authorized; 10,000 shares issued Retained earnings 65,000 65,000 65,000 150,600 280,60D 523,400 65,000 Total stackholders' equity Total liabilities & stockholders' equity 304,100 S 584,100 Prepare a horizontal analysis of both the balance sheet and income statement. Complete this q n by enter ing your answers in the tabs below Analysis BaAnalysis In Sheet Stmt Prepare a horizontal analysis of the income statement. (Negative answers shauld be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) FANNING COMPANY Horizontal Analysis of Income Statements 2019 2018 Percentage Change Sales inet) Other revenues S 230,000 S 211,000 5,400 216,400 9.800 Tatal revenues 239,8D Expenses Cost af goods sold Selling, general, and administrative expenses Interest expense Incoma tax expense 119,5D0 54.000 7,2D0 22.000 202,700 102,800 49,400 6,400 21,000 179,600 Total expenses Net income (loss) S 37,100 S 36,800