Ex 2. Prepare a horizontal analysis on Supreme Construction Company's comparative balance sheet as shown on 15-1-3. Supreme Construction Company Comparative Balance Sheet December 31, 2018 and 2019 Increase (Decrease) Assets 2019 2018 Amount Percent * $600 ** 20.7% Current Assets Cash Accounts Receivable Supplies Total Current Assets $ 3,500 12,450 2,140 18,090 $ 2,900 7,680 3,200 13,780 Property, Plant, and Equipment Land Buildings Machinery and Equipment Total Property, Plant, and Equipment Total Assets 15,000 54,000 134,200 203,200 $ 221,290 15,000 61,000 123,400 199,400 $213,180 Increase (Decrease) Liabilities and Owner's Equity Amount Percent Current Liabilities Accounts Payable Notes Payable Total Current Liabilities $ 5.300 8,500 13,800 $ 4.100 9,400 13,500 Long-Term Liabilities Mortgage Payable Note Payable on Equipment (5-year) Total Long-Term Liabilities Total Liabilities Owner's Equity Randy McQueen, Capital Total Liabilities and Owner's Equity 26,330 10,250 36,580 50,380 28,500 11,430 39,930 53,430 170,910 $221.290 159,750 $213,180 * 3500 2900 600 ** 3500 - 2400 2,900 = 0.2068 = 20,7% (p.s. % por % PNew - Poid - Poid )