The balance sheet of the Blanchet Corp is as follows:

After preparing a horizontal analysis of Blanchet Corps balance sheet for 2019, what are some observations you can make?

Blanchet Corporation Balance Sheet At December 31 Assets 2019 2018 Current $60 $10 10 20 60 40 108 120 10 250 200 Property, plant, and equipment at carrying amount 170180 $420 $380 Cash Short-term investments Accounts receivable Merchandise inventories Prepaid expenses 12 Total assets Liabilities Current Accounts payable Accrued liabilities $100 $80 10 90 30 170 120 20 120 50 Non-current borrowings Stockholders Equity Common stock (10 shares outstanding) Retained earnings 150 150 100 110 250 260 $420 $380 Total liabilities and stockholders' equity Minimized View