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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
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. Prepare a horizontal analysis of the baliance sheet for Year 4 and Year 3. Note: Negative answers should be indicated by a minus sign. Round your answers to 1 decimai place. (1.e., 234 should be entered as 23.4 ). \begin{tabular}{|c|c|c|c|c|} \hline Land & & 29,200 & 25,300 & \\ \hline Total long-term assets & & 329,600 & 302,900 & \\ \hline Total assets & $ & 584,600 & 523,500 & \\ \hline \multicolumn{5}{|l|}{ Liabilities and Stockholders' Equity } \\ \hline \multicolumn{5}{|l|}{ Liabilities } \\ \hline \multicolumn{5}{|l|}{ Current liabilities } \\ \hline Notes payable & $ & 17,000 & 4.700 & 80 \\ \hline Accounts payable & & 113,400 & 99.400 & \\ \hline Salaries payable & & 19,700 & 15,000 & \\ \hline Total current liabilities & & 150,100 & 119,100 & \\ \hline \multicolumn{5}{|l|}{ Noncurrent liabilities } \\ \hline Bonds payable & & 98,900 & 98,900 & 8 \\ \hline Other & & 31,900 & 26,300 & \\ \hline Total noncurrent liabilities & & 130,800 & 125.200 & \\ \hline Total liabilities & & 280,900 & 244,300 & \\ \hline \multicolumn{5}{|l|}{ Stockholders' equity } \\ \hline \begin{tabular}{l} Preferred stock (par value $10.4% cumulative, \\ nonparticipating. 7.600 shares authorized and issued) \end{tabular} & & 76,000 & 76,000 & \\ \hline \begin{tabular}{l} Common stock (no par, 50,000 shares authorized 10,000 \\ shares issued) \end{tabular} & & 76,000 & 76.000 & \\ \hline \end{tabular} Income statement
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