Take me to the text The following financial statements are taken from the records of Jade Inc. Use the horizontal analysis techniques to compare the changes between 2013 and 2012 balance sheet items. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Round your answers to 2 decimal places. Jade Inc. Balance Sheet As at December 31 2013 2012 $ Change % Change Current Assets Cash $323,500 $326,200 $ % Accounts Receivable $199,900 $174,300 $ % Inventory $381,500 $397,100 $ % Short-Term Investments $93,900 $103,900 $ % Total Current Assets $998,800 $1,001,500 $ % Long-Term Assets $329,500 $268,000 $ % Total Assets $1,328,300 $1,269,500 $ % Current Liabilities $202,600 $259,700 $ % Long-Term Liabilities $106,700 $81,200 $ % Total Liabilities $309,300 $340,900 $ % Stockholders' Equity $1,019,000 $928,600 $ % Total Liabilities and Equity $1,328,300 $1,269,500 $ % b) Prepare a common-size income statement for 2013 and state all the income statement items as a percentage of net sales. Jade Inc. Income Statement For the Year Ended December 31 2013 2013 Sales $787,100 % Cost of Goods Sold $374,500 % Gross Profit $412,600 % Operating Expenses: Advertising $4,200 % Utilities $6,200 % Advertising $4,200 % Utilities $6,200 % Rent Expense $3,200 % Salaries and Wages $41,400 % Depreciation $32,950 % Total Operating Expenses $87,950 % EBIT $324,650 % Interest $6,410 % Operating Profit before tax $318,240 % Income Tax $43,000 % Net Profit $275,240 %