Question Prepare a horizontal analysis for ABC Sdn Bhd based on the statement given below. Explain the trend for the company from 2019 to 2020 ABC Sdn Bhd Income statement For the years ended December 31 2020 and 2019 2020 2019 Revenue 59.899 58,676 Cost of goods sold 35,703 34,937 Cross profit 24.196 23,739 Expenses Marketing and advertising 6,513 5.542 General expenses 4,887 4,094 Depreciation 7,543 Interest 2,400 2.200 Total expenses 21.343 18,833 Earnings before tax 2.853 4.906 Taxes 1.500 1.300 Net income 1,353 3.606 1 6.997 2019 12:30 11,987 3.870 4.980 20,837 Question 2 Prepare a vertical analysis on the balance sheet below a ABC Sdn Bhd Income statement For the years ended December, 31 2020 and 2019 2020 Current liabilities Ace payable 12,765 Accrued expenses 3,665 Uncamned revenue 4,286 Total current liabilities 20,716 Long-term liabilities: Deferred tax 3.008 Long-term loan 12,976 Machinery 19,876 Total liabilities 56,576 Shareholders' equity Ordinary stock 15,000 Preferred stock 12,600 Tresury stock 13,430 Retained camings 23,543 Total shareholders' equity 64,573 Total liabilities and shareholders' equity 121.149 2,433 11,098 15,544 49.912 14,000 12,800 12.570 22,987 62.357 112,296 Question Using 2016 as the base year, develop trend analysis using trend percentages. Illustrate your analysis using bar graphs ABC Sdn. Bhd Operating data 2020 2019 2018 2017 2016 Revenue 36,934 36,156 33,828 31.087 29,452 Expenses 35.703 34,937 33.063 30.885 28,974 Profit 1.231 1.219 765 202 478