Perform the following three analyses:

1. Horizontal analysis of the monthly sales

2. Vertical analysis of the Income Statement

3. Ratio analysis ratios are provided in your workbook

Step 1 Janie's Cupcakes, Inc. GENERAL JOURNAL Date Account Titles and Explanation Debit Credit 1-Jul Cash 10,000 Common Stock 10,000 Invest Cash for stock 1-Jul Rent expense Prepaid rent Signed T-year lease Equipment 2,000 Cash 4,000 1-Jul 8,000 Common Stock 8,000 Invest Equipment for stock 2-Jul Cash 10,000 Notes Payable Borrow money from parents 10,000 4-Jul Baking Supplies Exoense 5,000 Accounts Payable 5,000 Purchase baking supplies on account 325 10-JulBusiness Liscence Expense Bought Business license Misc Expense Cash 325 14-Jul 750 Cash 750 General Supplies from Costco 30JuUtilities Expense 185 Accounts Payable Accrued liabilities - due Aug 25th 185 31-Jul Wages Expense 480 Wages Payable 480 31-JuCash Accounts Receivable 1,500 Bakery Sales