Prepare a horizontal analysis of both the balance sheet and income statement.

STUART COMPANY
Horizontal Analysis of Balance Sheets
	2019	2018	Percentage Change
Assets
Current assets
Cash	$17,700	$13,800	not attempted	%
Marketable securities	20,900	7,000	not attempted
Accounts receivable (net)	54,200	48,000	not attempted
Inventories	136,100	144,700	not attempted
Prepaid items	26,000	10,200	not attempted
Total current assets	254,900	223,700	not attempted
Investments	28,100	20,800	not attempted
Plant (net)	271,900	255,900	not attempted
Land	29,100	26,000	not attempted
Total long-term assets	329,100	302,700	not attempted
Total assets	$584,000	$526,400	not attempted
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Notes payable	$15,600	$5,400	not attempted
Accounts payable	112,900	99,000	not attempted
Salaries payable	20,400	14,800	not attempted
Total current liabilities	148,900	119,200	not attempted
Noncurrent liabilities
Bonds payable	99,000	99,000	not attempted
Other	31,900	25,500	not attempted
Total noncurrent liabilities	130,900	124,500	not attempted
Total liabilities	279,800	243,700	not attempted
Stockholders' equity
Preferred stock (par value $10, 4% cumulative, nonparticipating; 7,800 shares authorized and issued)	78,000	78,000	not attempted
Common stock (no par; 50,000 shares authorized; 10,000 shares issued)	78,000	78,000	not attempted
Retained earnings	148,200	126,700	not attempted
Total stockholders' equity	304,200	282,700	not attempted
Total liabilities & stockholders equity	$584,000	$526,400	not attempted	%

STUART COMPANY
Horizontal Analysis of Income Statements
	2019	2018	Percentage Change
Revenues
Sales (net)	$230,300	$210,700	not attempted	%
Other revenues	9,900	5,100	not attempted
Total revenues	240,200	215,800	not attempted
Expenses
Cost of goods sold	119,700	101,200	not attempted
Selling, general, and administrative expenses	53,100	48,500	not attempted
Interest expense	6,400	5,600	not attempted
Income tax expense	21,700	20,700	not attempted
Total expenses	200,900	176,000	not attempted
Net income (loss)	$39,300	$39,800	not attempted	%