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Prepare a balance sheet for vertical analysis of 2018 and horizontal analysis for 2019 for the given data. Based on the given information, prepare the

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Prepare a balance sheet for vertical analysis of 2018 and horizontal analysis for 2019 for the given data.

Based on the given information, prepare the following: 1. Balance Sheet/Statement of Financial Position (50 pts.) a. Vertical Analysis for 2018 b. Horizontal Analysis for 2019 DOWNY'S CREEK RETAL, INC STATEMENT OF FINANCIAL POSITION As of December 31, 2019 and 2018 2018 ASSETS CURRENT ASSETS Cash and Cashqaivalent Accounts Receivable Inventory Total Current Assets NON-CURRENT ASSETS 354,835.65 120.870.30 1.704.510.00 2.180.265.95 2,317,000.00 451,421.31 263,141.60 1,071.412.00 1.785,974,91 2,228,500.00 TOTAL ASSETS 4.497,265.954.014.474.91 LABUITIES AND STOCKHOLDERS' EQUITY CURRENT LARUTIES Accounts Payable 604.065.76 451.71233 lacome Taxes Payable 125 178.40 120.822.73 TOTAL CURRENT LIABILITIES 729244.16 572.536.06 LONG-TERM LIABILITIES Hank Loan 250,000.00 100.000.00 Advances from Stockholders 64.000.00 800,000.00 TOTAL LONG-TERM ITABILUTES 900.000.00 STOCKHOLDERS' EQUITY Capital Stock 2.500,000.00 2.500,000.00 Retained Earnings 334,021.79 11.938.85 TOTAL STOCKIOLDERS' EQUITY 2,834,021.79 2,561,938.85 TOTAL LLAR & SHE 4,497265.95 4,014474.91

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