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Create a horizontal finanical analysis!!!! Azul Company had the following balances in its accounting records as of January 1 , Year 2 : Assets Liabilities

Create a horizontal finanical analysis!!!! Azul Company had the following balances in its accounting records as of January 1, Year 2:
Assets Liabilities & Stockholders' Equity
Cash $50,000 Common Stock $40,000
Inventory - Retained Earnings 36,410
Account Receivable 12,800
Allow. For Doubtful Acct. (1,390)
Vehicle 35,000
Accum. Depr. - Vehicle (20,000)
Total $76,410 Total $76,410The following accounting events occurred during Year 2.
1 The vehicle was sold on the first day of the year for $18,000 cash.
2 Received $45,000 cash from issuance of stock.
3 Purchased $1,500 of supplies on account.
4 Paid cash for $42,200 of inventory.
5 Paid $18,000 for 12-month's of rent on new office building.
6 Took out a $15,000,7%,9-month loan from Citywide Bank.
7 Paid $12,000 to purchase equipment.
8 Paid $800 in shipping and installation costs for new equipment.
9 Sold 65% of the inventory purchased in Event 4 for $120,000 on account.
10 Collected 75% of the sales on account in previous event.
11 Wrote-off receivable in the amount of $1,300.
12 Incurred $63,700 of operating expenses on account.
Year-End Adjustments
A Recorded depreciation on the equipment. A full year of depreciation should be taken on the Equipment. The equipment has a salvage of $1,000 and a 10-year life. Use =SLN formula to calculate.
B Have $175 of office supplies on hand at the end of the period.
C Recognize four months of prepaid rent has expired.
D Physical count of inventory revealed inventory on hand of $14,000.
E Accrue four months of interest on the loan.
F Uncollectible Expense is estimated at 2% of sales on account.
G Income Tax Rate is 30%

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