Golden Corporation declared and paid $3,000 of cash dividends during the current year enc also reported the following summarized data: Required: 1. Complete the horizontal analyses for each item in Golden Corporation's comparative fine increase (decrease) by subtracting the previous year from the current year. Calculate the increase (decrease) by the previous year balance. 2-a. Use the horizontal (trend) analyses to identify the accounts where a large percentage che 2-b. Use the horizontal trend) analyses to identify the accounts where a directional change in change the directional change in a related account balance. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 28 Complete the horizontal analyses for each item in Golden Corporation's comparative financial state increase (decrease) by subtracting the previous year from the current year. Calculate the percenta values to 1 decimal place.) of increase (decrease) by the previous year balance. (Decreases should be indicated by a minus si GOLDEN CORPORATION Horizontal Analysis ncrease (Decrease) Pier 1 of 6 to search den Corporation declared and paid 53,000 ot cash dividends during the current year reported the following summarized data: uired: . Complete the horizontal analyses for each item in Golden Corporation's comparative increase (decrease) by subtracting the previous year from the current year. Calculate o. Use the horizontal (trend) analyses to identify the accounts where a large percentage b. Use the horizontal (trend) analyses to identify the accounts where a directional change increase (decrease) by the previous year balance. change. the directional change in a related account balance. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 28 Complete the horizontal analyses for each item in Golden Corporation's comparative financial sta increase (decrease) by subtracting the previous year from the current year. Calculate the percen of increase (decrease) by the previous year balance. (Decreases should be indicated by a minus values to! decimal place.) GOLDEN CORPORATION Horizontal Analysis Increase (Decreasel in Current (versus Previous) Amount Current Previous tiof 6 to search GOLDEN CORPORATION Horizontal Analysis Increase (Decrease) in Current (versus Previous) Curment Percen Income Statement Sales revenue Cost of goods sold Gross profit S 180,000 $165,000 100,000 110,000 70,000 53,300 2,700 14,000 4,000 50,400 Interest expense Income before income taxes Income tax expense Net income Balance Sheet Cash Accounts receivable (net) Inventory 12,000 3,000 S 10,000S 9,000 S 4,000 8,000P 19,000 Property and equipment (net) 45,000 38.000 5 108,000 S 104,000 16.000 is Current liabilities Note payable (long-term) Common stock (par 55) Additional paid-in capital Retained earnings 19.000 45 000 30,000 30,000 12,000 5,000 6 to search Saved uross prOmm u,UUU 53,300 2,700 14,000 4,000 Interest expense 2,600 12,000 Income before income taxes Income tax expense Net income Balance Sheet Cash Accounts receivable (net) S 10,0009,000 $ 4,000 8,000 23,000 35,000 38,000 108,000 104,000 S 16,000 19,000 45,000 30,000 5,000 5,000 S 108,000 S 104.000 19,000 40,000 45,000 Property and equipment (net) Current liabilities Note payable (long-term) Common stock (par $5) Additional paid-in capital Retained earnings 45,000 30,000 5,000 12,000 Req 2A 1 of 6 re to search Req 1 Req 2A Req 28 Use the horizontal (trend) analyses to identify the accounts where a large percentage chang change. (Select all that apply.)... Sales revenue Cost of goods sold Operating expenses expense Income tax expense Gross profit Income before income taxes Cash Accounts receivable (net) Property and equipment (net) Current liabilities Note payabie (long-term) Retained eamings Additional paid-in capital Common stock Req 2B to search Req 1 Req 2A Req 2B Use the horizontal (trend) analyses to identify the accounts where a directional change in with the directional change in a related account balance. (Select all that apply....... Sales revenue Cost of goods sold Operating expenses Interest expense Income tax expense Gross profit Net income Income before income taxes Accounts receivable (net) Property and equipment (net) Current liabilities Note payable (long-term) Retained earnings Additional paid-in capital Common stock C Req 2A 6 e to search