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).)

BAIRD COMPANY
Horizontal Analysis of Balance Sheets
	2019	2018	Percentage Change
Assets
Current assets
Cash	$17,600	$12,200		%
Marketable securities	21,000	6,200
Accounts receivable (net)	54,700	46,800
Inventories	136,500	143,300
Prepaid items	26,500	11,800
Total current assets	256,300	220,300
Investments	27,100	21,100
Plant (net)	271,300	256,400
Land	30,200	24,900
Total long-term assets	328,600	302,400
Total assets	$584,900	$522,700
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Notes payable	$16,700	$4,200
Accounts payable	113,300	99,600
Salaries payable	19,300	14,200
Total current liabilities	149,300	118,000
Noncurrent liabilities
Bonds payable	98,300	98,300
Other	30,200	25,700
Total noncurrent liabilities	128,500	124,000
Total liabilities	277,800	242,000
Stockholders' equity
Preferred stock (par value $10, 4% cumulative, nonparticipating; 6,800 shares authorized and issued)	68,000	68,000
Common stock (no par; 50,000 shares authorized; 10,000 shares issued)	68,000	68,000
Retained earnings	171,100	144,700
Total stockholders' equity	307,100	280,700
Total liabilities & stockholders equity	$584,900	$522,700		%

Part 2

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).)

BAIRD COMPANY
Horizontal Analysis of Income Statements
	2019	2018	Percentage Change
Revenues
Sales (net)	$230,200	$211,100		%
Other revenues	9,700	5,200
Total revenues	239,900	216,300
Expenses
Cost of goods sold	119,900	101,300
Selling, general, and administrative expenses	53,300	48,400
Interest expense	7,100	6,300
Income tax expense	21,600	20,600
Total expenses	201,900	176,600
Net income (loss)	$38,000	$39,700		%