Horizontal Analysis Daddy Mac Company Income Statement For the Years Ended December 31 Increase or (Decrease) During 20x5 Amount Percent 20x5 280,000 1,000 279,000 88,000 20x4 270,000 2,000 268,000 78,000 190,000 56,000 40,000 96,000 94,000 Sales Sales Returns & Allowances Net Sales Cost of Goods Sold Gross Profit Selling Expenses Administrative Expenses Total Operating Expenses Net Income 191,000 60,000 30,000 90,000 101,000 Horizontal Analysis Conway Company Balance Sheet December 31 r During 5 Percent Increase or (Decrease) During 20x6 Amount Percent 20x6 20x5 Assets Cash Accounts Receivable Inventory Equipment (Net) Land Intangible Assets Total Assets 390,000 120,000 31,000 85,000 67,000 30,000 460,000 99,000 40,000 90,000 55,000 30,000 Liabilities Accounts Payable Unearned Revenues Notes Payable Total Liabilities 19,000 32,000 82,000 24,000 25,000 83,000 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity 100,000 490,000 100,000 542,000 Total Liabilities & Stockholders' Equity 503