Take me to the text You have been asked to examine the financial statements for Jade Inc. and to comment on trends. a) Use horizontal analysis tools to compare the changes between 2019 and 2020 line items for the balance sheet. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Round all answers to 2 decimal places. Jade Inc. Balance Sheet As at September 30 2020 2019 % Change Current Assets Cash $306,600 $315,800 % Accounts Receivable $221,100 $186,700 % Inventory $448,800 $409,100 % Short-Term Investments $130,200 $110,300 % Total Current Assets $1,106,700 $1,021,900 % Other Assets $115,200 $253,500 % Total Assets $1,221,900 $1,275,400 % Current Liabilities $183,900 $ 219,900 % Long-Term Debt $30,400 $ 65,500 % Total Liabilities $ 214,300 $285,400 % Shareholders' Equity $1,007,600 $990,000 % Total Liabilities and Equity $1,221,900 $1,275,400 100 % b) Use vertical analysis tools to compare line items to the sales base figure. Jade Inc. Income Statement For the Year Ended September 30 2020 Sales $711,000 247.69 % Cost of Sales $319,950 1.11 Gross Profit $391,050 1.36 Operating Expenses Advertising Expense $7,000 % Bank Charges Expense $6,700 % Communication Expense $7,300 % Depreciation Expense $8,000 Professional Fees Expense $4,400 Rent Expense $6,600 % Repairs and Maintenance Expense $7,100 % Salaries and Wages Expense $46,800 % Transportation Expense $5,000 Utilities Expense $5,100 Total Operating Expenses $104,000 Net Income $287,050 100 Check