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Other Information: Market price per share of Anna's Accessories was $25 per share as of November 30,2023 1 Perform horizontal analysis on the above financial
Other Information: Market price per share of Anna's Accessories was $25 per share as of November 30,2023 1 Perform horizontal analysis on the above financial statements (For the highlighted items only - see next tab) For anything that is a decrease, you must use negative numbers and percentages. \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ Anna's Accessories } \\ \hline \multicolumn{6}{|c|}{ Income Statement } \\ \hline \multicolumn{6}{|c|}{ Year ended November 30,2023} \\ \hline & & \multirow[b]{2}{*}{2023} & \multirow[b]{2}{*}{2022} & \multicolumn{2}{|c|}{ Increase (Decrease) } \\ \hline & & & & Amount & Percentage \\ \hline Revenue & & 749,940 & $595,550 & & \\ \hline \multicolumn{2}{|c|}{ Cost of goods sold } & 97,850 & $54,640 & & \\ \hline Gross profit & & 652,090 & $540,910 & & \\ \hline \multicolumn{6}{|l|}{ Expenses } \\ \hline \multicolumn{2}{|c|}{ Advertising and promotion } & 5,250 & $3,290 & & \\ \hline Amortization & & 12,600 & $14,800 & & \\ \hline Insurance & & 5,460 & $3,650 & & \\ \hline Bank charges & & 3,320 & $2,940 & & \\ \hline \multicolumn{2}{|c|}{ Interest on long-term debt } & 10,640 & $7,480 & & \\ \hline Office & & 1,465 & $1,745 & & \\ \hline Professional fees & & 2,500 & $2,200 & & \\ \hline \multicolumn{2}{|c|}{ Salaries and benefits } & 73,340 & $38,200 & & \\ \hline Utilities & & 5,580 & $4,860 & & \\ \hline Total Expenses & & 120,155 & $79,165 & & \\ \hline Net income & & 531,935 & $461,745 & & \\ \hline \multicolumn{6}{|c|}{ Anna's Accessories } \\ \hline \multicolumn{6}{|c|}{ Statement of Retained Earnings } \\ \hline \multicolumn{6}{|c|}{ Year ended November 30,2023} \\ \hline & & & & & \\ \hline & & 2023 & 2022 & & \\ \hline \multicolumn{2}{|c|}{ Retained earnings, beginning of year } & 631,685 & $219,940 & & \\ \hline Net income & & 531,935 & $461,745 & & \\ \hline Dividends paid & & 165,000 & $50,000 & & \\ \hline \multicolumn{2}{|c|}{ Retained earnings, end of year } & 998,620 & $631,685 & & \\ \hline \multicolumn{6}{|c|}{ Anna's Accessories } \\ \hline \multicolumn{6}{|c|}{ Balance Sheet } \\ \hline \multicolumn{6}{|c|}{ November 30,2023} \\ \hline Assets & & & & Increas & ecrease) \\ \hline Current & & 2023 & 2022 & Amount & Percentage \\ \hline \end{tabular}
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