The comparative financial statements prepared at December 31 for Golden Corporation showed the following summarized data Required 1. Complete the two final columns shown beside each item in Golden Corporation's comparative financial statements. TIP: Calculate the increase (decrease) by subtracting the previous year from the current year. Calculate the percentage by dividing the amount of increase (decrease) by the previous year balance. (Decreases should be indicated by a minus sign. Round percentage values to 1 decimal place.) GOLDEN CORPORATION Horizontal Analysis Increase (Decrease) in Current (versus Previous) Amount Current Previous Percentage Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses Interest expense Income before income taxes Income tax expense Net income Balance Sheet Cash Accounts receivable (net) Inventory Property and equipment (net) $ 200,000$179,000 108,000 71,000 52,400 4,400 14,200 5,000 $11,0009,200 120,000 80,000 57,300 4,700 18,000 7,000 2,800 $ 7,500 22,000 37,000 33,500 $ 104,000$100,000 $15,00017,000 55,000 20,000 4,000 4,000 $ 104,000100,000 18,300 38,900 44,000 Current liabilities Note payable (long-term) Common stock (par $5) Additional paid-in capital Retained earnings* 55,000 20,000 4,000 10,000