In Part 2 of the Accounting Project you are further studying the importance of financial analysis for a company. The analysis uses accounting reports for an understanding of a company's current economic condition and project into the future. A financial analysis allows management and owners to plan, correct and proceed properly for the best success. Review and analyze the following Financial Statement using the concepts you learned in Chapter 13 using horizontal analysis and ratios. Prepare a posting to discuss: What does the below financial statement tell you about Nealon, Inc? Your word count for your initial post needs to be at least 200 words and submitted by Sunday, May 15th at 11:59PM. NEALON INC. Condensed Balance Sheets Assets 2022 December 31 2021 Increase or (Decrease) Amount Percentage Current assets $140,000 $110,000 $30,000 27.3% Plant assets (net) 440,000 360,000 80.000 22.2% Total assets $580,000 $470,000 110,000 23.4% Liabilities Current liabilities $95,000 $75,000 $20,000 26.7% Long-term liabilities 165,000 100,000 65,000 65.0% Total liabilities 260,000 175,000 85,000 48.6% Stockholders' Equity Common stock, $1 par 180,000 120,000 60,000 50.0% Retained earnings 140,000 175,000 (35,000) (20.0%) Total stockholders' equity 320,000 295.000 25,000 8.5% Total liabilities and $580,000 $470,000 $110,000 23.4% stockholders' equity * Calculate ratios and discuss how they changed year to year. What do the ratios indicate about Nealon, Inc financial position? * Apply the horizontal analysis for percentage of changes - such as for current assets, plant assets long term liability, etc. * Mention the 2021-2022 comparisons and what it means about the business financial position. * Try to draw conclusions about the financial health of Nealon, Inc company from these comparisons (positive or negative). Your analysis is limited to the condensed balance sheet and worth 21 points for