Prepare a horizontal orolysis of both the balance sheet and income statement Complete this question by entering your answers in the tabs below. Antalysis Bal Analysis Inc Prepare a horizontal analysis of the balance sheet. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (E., 234 should be entered as 23.4).) THORNTON COMPANY Horizontal Analysis of Balance Sheets Year 4 Year 3 % Change Apsels Current le ch S 16.2005 13,700 % Marketable ocuritas 7,000 Accounts receivable (net) 21,800 54,000 47,600 Inventarios 144.400 137,000 25,200 Prepadlems 10.900 Total current 254,200 223,600 28,600 271,000 29,100 20.700 255,400 25.000 Investments Plant (not) Land Total long-term assos Total assets Liabilities and Stockholders Equity Liabilities 328,700 582,9005 301. 100 524,700 S Current liabilities S Notes payable Accounts paynble Salaries payable 15,000 5 112.400 20.100 5,600 99.300 14.300 Total current liabilities 147.500 119,200 Nancurrent liabilities Bonds payable Other 29,000 31,300 130,000 99,000 26.500 125,500 Talal noncurrent liabilities Total liabilities 277 800 244.700 Stockholders' equily 82,000 62.000 82,000 62.000 Preferred stock (par value $10.4% cumulative, nonparticipating: 6,200 shares authorized and issued) Common stock (na par. 50,000 shares authorized: 10.000 shares issued) Retained earnings Total stockholders' equity Total liabilities & stockholders' Equity 181,100 158,000 305,100 582.900 280,000 524,700 S S % A 39, Analyale Inc Strmt> 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).) h THORNTON COMPANY Horizontal Analysis of Income Statements Year 4 % Change Revenues Sales (net) % Other revenues Total revenues Cost of goods sold Selling, general, and administrative expenses Interest expense Income tax expense Total expenses Expenses Net income (loss) Year 3 $ 230,100 $ 210,000 9,000 5,200 239,100 215,200 119,700 101,200 54,500 49,900 8,000 7,200 22,500 21,500 204,700 179,800 34,400 35,400 % Analysis Inc Strit > $