Show your work and explain your answer. This is a multi-part question and all parts must be answered.

Use the following information for the Quick Studies below. (Algo) (The following information applies to the questions displayed below.] Cash Accounts receivable Equipment, net Land Total assets Current Year $ 7,800 54,500 45,000 92,000 $ 199, 300 Prior Year $ 8,400 18,600 40,800 66,500 $ 134,300 QS 17-5 (Algo) Horizontal analysis LO P1 Compute the annual dollar changes and percent changes for each of the following items. (Decreases should be entered with a minus sign. Round your percentage answers to one decimal place.) Percent change = Horizontal Analysis - Calculation of Percent Change Numerator: 1 Denominator: Current year amount 1 Base year amount minus current year amount Current Year Prior Year Dollar Change $ 7,800 $ $ (600) 54,500 18,600 35,900 45.000 40,800 4,200 92,000 66,500 25,500 $ 199,300 $ 134,300 $ 65,000 Percent Change 107.7 % Cash 8,400 34.1% Accounts receivable Equipment, net Land 90.7 % 72.31% Total assets 67.4%