Sampson Company
Comparative Balance Sheet
31-Dec
	2017	2016
Assets
Cash	$ 18,000	$ 33,000
Accounts receivable	25,000	14,000
Inventories	45,000	25,000
Plant assets	70,000	78,000
Accumulated depreciation	(27,000)	(24,000)
Total	$ 131,000	$ 126,000
Liabilities and Stockholders' Equity
Accounts payable	$ 31,000	$ 43,000
Accrued expenses payable	24,000	20,000
Bonds payable	20,000	10,000
Common stock	25,000	25,000
Retained earnings	31,000	28,000
Total	$ 131,000	$ 126,000
Sampson Company
Income Statement
For the Year Ended December 31
	2017	2016
Sales	$ 286,000	$199,000
Less:
Cost of goods sold	$ 204,000	104,000
Operating expenses (excluding depreciation)	31,000	22,000
Depreciation expense	6,000	5,000
Income taxes	10,000	5,000
Interest expense	7,000	8,000
Total Expenses	258,000	144,000
Net income	$ 28,000	$ 55,000

prepare a horizontal analysis for both the income statement and balance sheet

based on your work prepare two meaningful comments related to your calculations