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

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).)

ADAMS COMPANY
Horizontal Analysis of Balance Sheets
	2019	2018	Percentage Change
Assets
Current assets
Cash	$16,700	$12,100		%
Marketable securities	20,200	7,400
Accounts receivable (net)	54,900	47,600
Inventories	135,200	144,500
Prepaid items	25,000	10,500
Total current assets	252,000	222,100
Investments	29,000	21,000
Plant (net)	270,900	255,700
Land	29,800	25,500
Total long-term assets	329,700	302,200
Total assets	$581,700	$524,300
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Notes payable	$15,800	$4,000
Accounts payable	113,000	98,200
Salaries payable	20,600	13,500
Total current liabilities	149,400	115,700
Noncurrent liabilities
Bonds payable	98,600	98,600
Other	31,100	26,500
Total noncurrent liabilities	129,700	125,100
Total liabilities	279,100	240,800
Stockholders' equity
Preferred stock (par value $10, 4% cumulative, nonparticipating; 8,000 shares authorized and issued)	80,000	80,000
Common stock (no par; 50,000 shares authorized; 10,000 shares issued)	80,000	80,000
Retained earnings	142,600	123,500
Total stockholders' equity	302,600	283,500
Total liabilities & stockholders equity	$581,700	$524,300		%

Prepare a horizontal analysis of the income statement. (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).)

ADAMS COMPANY
Horizontal Analysis of Income Statements
	2019	2018	Percentage Change
Revenues
Sales (net)	$230,800	$211,000		%
Other revenues	9,100	6,000
Total revenues	239,900	217,000
Expenses
Cost of goods sold	118,100	102,000
Selling, general, and administrative expenses	54,300	50,000
Interest expense	7,200	6,400
Income tax expense	22,700	21,700
Total expenses	202,300	180,100
Net income (loss)	$37,600	$36,900		%