Prepare a horizontal analysis of both the balance sheet and income statement. Complete this question by entering your answers in the tabs below. Analysis Bal Sheet Analysis Inc Stmt Prepare a horizontal analysis of the balance sheet. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) FANNING COMPANY Horizontal Analysis of Balance Sheets 2019 2018 Percentage Change Assets Current assets Cash $ $ Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets 17,300 21,500 55,100 135,900 26,200 256.000 27,500 270,500 30,900 328,900 13,300 6,600 47,700 144,200 12,000 223,800 20,700 256,700 25,100 302,500 Investments Plant (net) Land Total long-term assets Land Total long-term assets 30,9001 328,900 584,900 25,100 302,500 526,300 $ $ Total assets Liabilities and Stockholders' Equity $ $ 15,900 112,000 20,900 148,800 5,200 99,600 14,900 119,700 Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10,4% cumulative, nonparticipating; 7,300 shares authorized and issued) Common stock (no par, 50,000 shares authorized; 10,000 shares issued) 98,800 31,000 129,800 278,600 98,800 25,600 124,400 244,100 Retained earnings 73,000 73,000 160,300 306,300 584,900 73,000 73,000 136,200 282,200 526,300 Total stockholders' equity Total liabilities & stockholders' equity $ $