Hamilton Company reported the following amounts on its balance sheet as of December 31, 2018 and December 31, 2019 2018 2019 $45,000 $15,000 Cash 170,000 215,000 Inventory 60,000 100,000 Receivables 750,000 800,000 Property, plant and Equipment, net $1,040,000 $1,115,000 Total Assets Total Liabilities $695,000 $435,000 (a) Perform a horizontal analysis of cash and total liabilities. (1 mark) (b) State your observation on the calculations in part (a). (1.5 marks)