D-Mart Stores, Inc., a merchandising business, has reported the following Balance Sheet data for the two most recent years ended December 31:
		D-Mart Stores, Inc.
		Balance Sheet
		As of December 31
						2015	2014
		Assets
		Current Assets:
		Cash				$116,850	$97,050
		Accounts receivable				$112,250	$85,500
		Inventory				$237,800	$198,750
		Prepaid insurance				$2,000	$2,000
		Supplies				$1,100	$950
		Total Current Assets				$470,000	$384,250
		Long Term Assets:
		Property & Equipment				$296,000	$146,000
		Accumulated Depreciation - Property & Equipment				$76,400	$31,800
		Total Long Term Assets				$219,600	$114,200
		Total assets				$689,600	$498,450
		Liabilities
		Short Term Liabilities:
		Accounts payable				$107,000	$62,700
		Payroll liabilities				$33,300	$29,400
		Total Short Term Liabilities				$140,300	$92,100
		Long Term Liabilities:
		Note Payable (3 year term)				$122,000	$0
		Note Payable (10 year term)				$305,200	$325,800
		Total Long Term Liabilities				$427,200	$325,800
		Total Liabilities				$567,500	$417,900
		Stockholders' Equity
		Capital stock, $0.10 par, 100,000 shares authorized				$8,000	$6,000
		Additional paid in capital				$62,000	$54,000
		Retained earnings				$52,100	$20,550
		Total stockholders equity				$122,100	$80,550
		Total liabilities and stockholders's equity				$689,600	$498,450
	A)	Prepare a horizontal analysis of the Balance Sheets.
	B)	Comment briefly on the significant changes disclosed in the analysis.
		**Please show all formulas/equations