Selected financial information for Esteem Limited for a six-year period follows: (Amounts in thousands) 2023 2022 2021 2020 2019 2018 Net sales $ 811 $ 910 $ 667 $ 710 $ 619 $ 593 Net income 113 89 63 83 65 56 659 608 523 473 468 412 Total assets Required Requirement 1. Prepare a horizontal analysis to compare 2023 to 2022. (Round percentages to two decimal places, X.XX%.) Net sales Net income Total assets 2023 2022 Amount Percent % % Required - 1. Prepare a horizontal analysis to compare 2023 to 2022. Which accounts increased the most? 2. Compute the trend percentages for 2019 through 2023, using 2018 as the base year. 3. From the above data, what can we infer about expenses from 2018 through 2023? (Hint: Sales less net income will give amount of expenses. Compare the rate of growth in expenses to that of sales.) 4. Have total assets grown at the same rate as the growth in sales? Print Done