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 perc answers to 1 decimal place. (i.e., 0.234 should be entered as 23.4).) GIBSON COMPANY Horizontal Analysis of Balance Sheets Year 4 Year 3 % 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 Liabilities and Stockholders' Equity Liabilities 16,200 $ 20,800 55,200 135,100 25,500 252,800 29,000 270,000 30,800 329,800 582,600 $ 12,600 7,300 46,800 143,300 10,600 220,600 20,900 256,600 24,500 302,000 522,600 $ $ 16,100 $ 113,200 20,200 149,500 5,600 98,200 14,300 118,100 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; 6,200 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 99,200 30,500 129,700 279,200 99,200 25,800 125,000 243,100 62,000 62,000 62,000 62,000 179,400 303,400 582,600 155,500 279,500 522,600 $ $ %