The comparative financial figures and common size statements along with industry averages for Alpha Corporation are depicted below: Balance Sheet Cash Accounts Receivable Inventories Total Current Assets Gross Fixed Assets Less accumulated depreciation Net fixed assets Total assets 2020 2019 Vertical 2020 Horizontal 2019 $7,282 $57,600 0.25% 1.92% 632,160 351,200 22.05% 23.91% 1,287,360 715,200 44.91% 48.69% $1,926,802 $1,124,000 67.22% 76.53% 1,202,950 491,000 41.96% 33.43% -263.160 -146,200 -9.18% -9.95% $939,790 $344,800 32.78% 23.47% $2,866,592 $1,468,800 100.00% 100.00% Accounts payable $524,160 $145,600 18.29% 9.91% Notes payable 636,808 200,000 22.21% 13.62% Accruals 489,600 136,000 17.08% 9.26% Total Current Liabilities $1,650,568 $481,600 57.58% 32.79% Long-term debt 723,432 323,432 25.24% 22.02% Common stock 460,000 460,000 16.05% 31.32% Retained earnings 32,592 203,768 1.14% 13.87 % Total Equity $492,592 $663,768 17.18% 45.19% 7:41 al Liabilities & Equity $2.866.592 $1,468,800 100.00% 100.00% EN