Prepare a horizontal analysis of both the balance sheet and income statement for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Income Balance Sheet Statement Prepare a horizontal analysis of the balance sheet for Year 4 and Year 3. Note: 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). BENSON COMPANY Horizontal Analysis of Balance Sheets Year 4 Year 3 % Change Assets Current assets Cash $ 17,400 12,900 % Marketable securities 20,900 7,400 Accounts receivable (net) 55, 100 47,200entered as 23.4). BENSON COMPANY Horizontal Analysis of Balance Sheets Year 4 Year 3 % Change Assets Current assets Cash 17,400 $ 12,900 % Marketable securities 20,900 7,400 Accounts receivable (net) 55,100 47,200 ces Inventories 135,400 144,900 Prepaid items 25, 100 11,300 Total current assets 253,900 223,700 Investments 27, 100 21,800 Plant (net) 270,900 256,000 Land 29,200 25,600 Total long-term assets 327,200 303,400 Total assets $ 581, 100 $ 527, 100 Liabilities and Stockholders' Equity LiabilitiesLiabilities and Stockholders' Equity Liabilities Current liabilities Notes payable 15,900 $ 5.400 Accounts payable 111,800 100,000 Salaries payable 19,800 14,700 Total current liabilities 147,500 120, 100 Noncurrent liabilities Bonds payable 98,200 98,200 Other 31,100 25,900 Total noncurrent liabilities 129,300 124, 100 Total liabilities 276,800 244,200 Stockholders' equity Preferred stock (par value $10, 4% cumulative, 70,000 70,000 nonparticipating; 7,000 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 70,000 70,000 shares issued) Retained earnings 164,300 142,900 Total stockholders' equity 304,300 282,900 Total liabilities & stockholders' anility 581 100 $ 527 100P onLiabilities Current liabilities Notes payable 15,900 $ 5,400 Accounts payable 111,800 100,000 Salaries payable 19,800 14,700 Total current liabilities 147,500 120, 100 Noncurrent liabilities Bonds payable 98,200 98.200 Other 31, 100 25,900 Total noncurrent liabilities 129,300 124, 100 Total liabilities 276,800 244,200 Stockholders' equity Preferred stock (par value $10, 4% cumulative, 70,000 70,000 nonparticipating; 7,000 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 70,000 70,000 shares issued) Retained earnings 164,300 142,900 Total stockholders' equity 304,300 282,900 Total liabilities & stockholders' equity $ 581, 100 $ 527, 100 %