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).)

ALLENDALE COMPANY

Horizontal Analysis of Balance Sheets 2019 2018 Percentage Change

Assets Current assets Cash $40,000 $36,000

Marketable securities 20,000 6,000

Accounts receivable (net) 54,000 46,000

Inventories 135,000 143,000

Prepaid items 25,000 10,000

Total current assets 274,000 241,000

Investments 27,000 20,000

Plant (net) 270,000 255,000

Land 29,000 24,000

Total long-term assets 326,000 299,000

Total assets $600,000 $540,000

Liabilities and Stockholders Equity

Liabilities Current liabilities

Notes payable $17,000 $6,000

Accounts payable 113,800 100,000

Salaries payable 21,000 15,000 Total current liabilities 151,800 121,000

Noncurrent liabilities

Bonds payable 100,000 100,000

Other 32,000 27,000

Total noncurrent liabilities 132,000 127,000

Total liabilities 283,800 248,000

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 156,200 132,000

Total stockholders' equity 316,200 292,000

Total liabilities & stockholders equity $600,000 $540,000 %