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 Sheet Analysis Inc Stmt 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).) RUNDLE 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 16,600 $ 21,900 54,400 136,100 25,700 254,700 27,900 271,800 29,300 329,000 583,700 $ 12.800 7,900 48,000 143,400 11,700 223,800 20,400 255.900 25,000 301,300 525,100 $ $ 5,400 99,100 16,200 $ 112,700 19,100 148.000 14,700 119.200 Investments Plant (net) Land Total long-term assets Total assets Liabilities and Stockholders' Equity Liabilities 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: 7,200 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 99,900 99,900 25,200 31,000 130,900 278,900 125,100 244.300 72,000 72,000 72,000 72,000 160,800 304,800 583,700 $ 136.800 280.800 525,100 % 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 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).) % Change RUNDLE COMPANY Horizontal Analysis of Income Statements Year 4 Year 3 Revenues Sales (net) $ 230,600 $ 211,000 Other revenues 8,000 6,900 Total revenues 238,600 217,900 Expenses Cost of goods sold 118,100 101,800 Selling, general, and administrative expenses 54,000 48,800 Interest expense 6,800 6,000 Income tax expense 21,900 20,900 Total expenses 200,800 177,500 Net income (loss) $ 37,800 $ 40,400 %