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 Analysis Inc Sheet 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. e., 234 should be entered as 23.4).) ALLENDALE COMPANY Horizontal Analysis of Balance Sheets 2010 2018 Percentage Change $ Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total long-term assets Total assets Llabilities and Stockholders' Equity Liabides 40,000 $ 20,000 54,000 135 000 25,000 274,000 27.000 270.000 29,000 326,000 600,000 $ 36,000 6,000 46,000 143.000 10,000 241.000 20.000 255,000 24,000 299.000 540,000 $ Check my work 20.000 54 000 135,000 25,000 274.000 27.000 270,000 20,000 326,000 600,000 $ 6,000 45,000 143,000 10,000 241.000 20,000 255,000 24.000 299,000 540,000 $ $ Martable securities Accounts receivable (net) Inventories Prepaid items Total current assets investments Plant (net) Land Total long-term assets Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent abilities Total liabilities Stockholders' equity Preferred stock (par value $10,4% cumulative, nonparticipating: 8,000 shares authorized and issued) Common stock (no par: 50,000 shares authorized: 10,000 shares issued) Ratained earnings Total stockholders' equity Total abilities & stockholders' equity 17.000 $ 113.800 21,000 151,800 6.000 100.000 15.000 121,000 100,000 32.000 132,000 283,800 100,000 27,000 127,000 248.000 80,000 80,000 156,200 316.200 600,000 $ 80.000 80,000 132.000 292,000 540,000 $ Prepare a horizontal analysis of both the balance sheet and income statement Complete this question by entering your answers in the tabs below. Analysis Bai Sheet Analysis Inc Stmt Prepare a horizontal analysis of the income statement. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (.e...234 should be entered as 23.4).) ALLENDALE COMPANY Horizontal Analysis of Income Statements 2019 2018 Percentage Change % 230,000 $ 8,000 238,000 210,000 5,000 215,000 Revenues Sales (net) Other revenues Total revenues Expenses Cost of goods sold Selling general, and administrative expenses Interest expense Income tax expense Total expenses Net income (loss) 120,000 55,000 8.000 23,000 206,000 32,000 103,000 50,000 7,200 22.000 182,200 32,800 $ $ %
