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

SOLOMON COMPANY Horizontal Analysis of Balance Sheets 2019 2018 Percentage Change Assets Current assets Cash $ 16.400 $ 13,500 Marketable securities 21.900 7.500 Accounts receivable (net) 55,000 48.000 Inventories 135,200 143.100 Prepaid items 25,500 11,300 Total current assets 254,000 223,400 Investments 28,400 21.900 Plant (net) 271,700 255,200 Land 30.700 25.100 330.800 302,200 Total long-term assets Total assets $ 584,800 s 525.600 Liabilities and Stockholders' Equity Liabilities Current liabilities $ 16,600 s 5.000 Notes payable Accounts payable 113.500 98.900 Salaries payable 20.300 14.000 150,400 117.900 Total current liabilities Noncurrent liabilities Bonds payable 98,700 98.700 Other 30.500 25.500 Total noncurrent liabilities 129,200 125.200 Total liabilities 279,600 243.100 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 169,200 148.500 305,200 282.500 Total stockholders' equity Total liabilities & stockholders' equity $ 584,800 s 525,600 96