Prepare horizontal analysis Financial information for ABC Inc. is presented below December 31, 2018 December 31, 2017 Current assets Plant assets (net) Current liabilities Long-term liabilities Common Stock, $1 par Retained earnings $125,000 396,000 91,000 133,000 161,000 136,000 $100,000 330,000 70,000 95,000 115,000 150,000 Instructions Prepare a schedule showing a horizontal analysis for 2018 using 2017 as the base year Prepare vertical analysis ating data for ABC Inc. are presented beloW 2018 2017 Net sales Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $750,000 $600,000 465,000 390,000 66,000 54,000 27,000 63,000 105,000 60,000 36,000 84,000 Instructions Prepare a schedule showing a vertical analysis for 2018 and 2017