Prepare vertical and horizontal analysis on the balance sheet and comment on positive or negative trends from this analysis.

VERTICAL AND HORIZONTAL ANALYSIS
CEH Industries
Consolidated Income Statement
For Years Ended ($ millions)							December 31, 2022
Total Revenue							$ 141,500
Operating Expenses
	Merchandise costs						$ (123,000)
	Selling, general and administrative						$ (13,900)
	Preopening expenses						$ (100)
Operating Income							$ 4,500
Other Income( Expense)
	Interest Expense						$ (159)
	Interest Income						$ 121
Income before income taxes							$ 4,462
Provision for income taxes							$ (1,263)
Consolidated Net Income							$ 3,199
Net Income attributable to noncontrolling interests							$ (65)
Net Income attributable to controlling interests							$ 3,134

Conduct a vertical and horizontal analysis of the balance sheet.