Required Prepare a horizontal analysis of both the balance sheet and income statement for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Balance Sheets Income Statements Prepare a horizontal analysis of the balance sheet for Year 4 and Year 3. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (ie, 234 should be entered as 23.4).) CAMPBELL COMPANY Horizontal Analysts of Balance Sheets Assets Year 4 Year 3 % Change Current assets Cash $ Marketable securities 17,800 S 21,000 12.600 Sh 7,300 Accounts receivable (net) 54,500 46.100 Inventories 135,700 143.100 Prepaid items Tolal current assets Investments 25,700 10,900 254,700 220,000 27,400 20,700 Plant (net) 270,000 255,000 Land 30,300 24,400 Total assets $ 583.200 S 520,100 Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total abilities S 16,300 S 5,500 112,400 99,000 19,100 13,800 147,800 118,300 99,000 99,000 31,500 26,900 130,500 125,900 278,500 244.200 Stockholders' equity Preferred stock (par value $10, 4% cumulative, 75,000 75.000 nonparticipating: 7,500 shares authorized and issued) Common stock (no par. 50,000 shares authorized; 10,000 75,000 75,000 shares issued) Retained earnings 154,900 125,900 Total stockholders' equity 304,900 275,900 Total liabilities and stockholders' equity S 583.200 520,100 Required Prepare a horizontal analysis of both the balance sheet and income statement for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Balance Sheets Income Statements Prepare a horizontal analysis of the income statement for Year 4 and Year 3. (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).) Revenues Sales (net) Other revenues CAMPBELL COMPANY Horizontal Analysis of Income Statements Year 4 Year 3 % Change $ 230,400 $ 210,100 % 9,800 5,100 240,200 215,200 Total revenues Expenses Cost of goods sold 118,900 101,500 Selling, general, and administrative expenses 54,000 49,900 Interest expense 6,600 5,800 Income tax expense 22,400 21,400 Total expenses 201,900 178,600 Net income (loss) $ 38,300 $ 36,600 %