Question 1: Use the Horizontal Analysis (Comparative Analysis) to analyze a company Balance Sheet Formula:[ [A] Difference = Current Year - Prior Year;_[] \% Change = Difference dividend prior year \begin{tabular}{|l|r|c|c|c|} \hline \multicolumn{1}{|c|}{ Account } & 2020 & 2019 & Difference & % Change \\ \hline Current Assets & $70,000 & $52,000 & & \\ \hline Accounts Receivable & 81,000 & 75,000 & & \\ \hline Merchandise Inventory & 54,000 & 44,000 & & \\ \hline Current Liabilities & 78,000 & 47,000 & & \\ \hline Long-term Liabilities & 30,000 & 52,000 & & \\ \hline Common Stock & 52,000 & 45,000 & & \\ \hline Retained Earnings & 45,000 & 27,000 & & \\ \hline & & & & \\ \hline Net Sales Revenue & $529,000 & 5502,000 & & \\ \hline Cost of Goods Sold & 402,000 & 402,000 & & \\ \hline Gross Profit & $127,000 & $100,000 & & \\ \hline Selling Expenses & 49,000 & 51,000 & & \\ \hline Net Income Before Income Tax Expense & $78,000 & $49,000 & & \\ \hline Income Tax Expense & 24,000 & $16,800 & & \\ \hline Net Income & $54,000 & $32,200 & & \\ \hline \end{tabular}