Prepare a horizontal analysis of the balance sheet for Year 4 and Year 3. Note: 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).

CAMPBELL COMPANY
Horizontal Analysis of Balance Sheets
	Year 4	Year 3	% Change
Assets
Current assets
Cash	$17,500	$13,600		%
Marketable securities	20,300	7,800
Accounts receivable (net)	54,200	47,700
Inventories	135,300	143,500
Prepaid items	26,800	12,000
Total current assets	254,100	224,600
Investments	28,000	20,100
Plant (net)	271,400	257,000
Land	30,300	25,200
Total long-term assets	329,700	302,300
Total assets	$583,800	$526,900
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Notes payable	$16,500	$5,100
Accounts payable	112,200	99,600
Salaries payable	20,500	13,400
Total current liabilities	149,200	118,100
Noncurrent liabilities
Bonds payable	99,800	99,800
Other	31,400	26,900
Total noncurrent liabilities	131,200	126,700
Total liabilities	280,400	244,800
Stockholders' equity
Preferred stock (par value $10, 4% cumulative, nonparticipating; 7,800 shares authorized and issued)	78,000	78,000
Common stock (no par; 50,000 shares authorized; 10,000 shares issued)	78,000	78,000
Retained earnings	147,400	126,100
Total stockholders' equity	303,400	282,100
Total liabilities & stockholders equity	$583,800	$526,900		%

repare a horizontal analysis of the income statement for Year 4 and Year 3. Note: 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).

CAMPBELL COMPANY
Horizontal Analysis of Income Statements
	Year 4	Year 3	% Change
Revenues
Sales (net)	$230,600	$211,100		%
Other revenues	9,000	6,400
Total revenues	239,600	217,500
Expenses
Cost of goods sold	119,200	102,900
Selling, general, and administrative expenses	53,300	48,500
Interest expense	7,800	7,000
Income tax expense	22,800	21,800
Total expenses	203,100	180,200
Net income (loss)	$36,500	$37,300		%