Horizontal and vertical analysis - Statement of Financial Position. The financial position of W Company at the end of 2011 and 2012 is as follows (in thousands): 2011 2012 Assets Cash and cash equivalents Trade and other receivables Inventory Investment property Property, plant, and equipment (net) Intangible assets Other noncurent assets Total assets Liabilities Current liabilities Long-term liabilities Total liabilities P 3,000 P 5,000 40,000 25,000 27,000 30,000 15,000 0 100,000 10,000 5,000 P 200.000 P 30,000 88,000 118,000 75,000 10,000 20,000 P. 165,000 P 47,000 74,000 121,000 Prepare a comparative statement of financial position showing peso and percentage changes for 2012 as compared with 2011. b. Prepare a ordinary-size statement of financial position as of December 31, 2011 and 2012 Based on your data derived in requirements 1 and 2, comment on the financial position of W Company as of December 31, 2012. C