Prepare a horizontal analysis of both the balance sheet and income statement. Complete this question by entering your answers in the tabs below. Analysis Analysis Bal Sheet 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).) ZACHARY COMPANY Horizontal Analysis of Balance Sheets 2019 2018 Percentage Change Assets Current assets Cash $ 17,000 S 13,500 Marketable secunties 21,900 7,600 Accounts receivable (net) 54,800 48,000 Inventories 136,400 144,200 Prepaid items 27,000 11,700 Total current assets 257,100 225,000 Investments 28,200 20.800 Plant (net) 270.000 255,500 Land 29,800 24,700 Total long-term assets 328,000 301,000 Total assets S 585,100 S 526.000 Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable S 15,800 S 4,600 Accounts payable 113,600 98,800 Salaries payable 19,200 14,100 Total current liabilities 148,600 117,500 Noncurrent liabilities Bonds payable 98,800 98,800 Other 31,600 25,100 Total noncurrent liabilities 130,400 123,900 Total liabilities 279,000 241,400 Stockholders' equity Preferred stock (par value $10,4% cumulative, nonparticipating: 6,800 68.000 68,000 shares authorized and issued) Common stock (no par: 50,000 shares authorized: 10,000 shares issued)1 68,000 68,000 Retained earnings 170.1001 148.600 Total stockholders' equity 306,100 284,600 Total liabilities & stockholders' equity S 585,100 S 526.000 Prepare a horizontal analysis of both the balance sheet and income statement Complete this question by entering your answers in the tabs below. Analysis Analysis Bal Sheet 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).) ZACHARY COMPANY Horizontal Analysis of Income Statements Percentage 2019 2018 Change Revenues Sales (net) 230,500 211,000 Other revenues 9,2006,300 Total revenues 239,700 217.300 Expenses Cost of goods sold 119,600 101,100 Selling, general, and administrative expenses 53,400 48,300 Interest expense 6,100 5,300 Income tax expense 1 22,800 21,800 Total expenses 201,900 176,500 Net Income (loss) $ 37,800 $ 40.800 %