The following comparative balance sheet information has been provided to you by ink Inc.

ASSETS: 2019 2018

CASH 12,600 43,000

ACCOUNT RECEIVABLE 85,000 76,000

INVENTORY 172,00 160,000

PREPAID EXPENSES 5,000 7,500

LAND 125,000 75,000

EQUIPMENT 325,000 190,000

ACCUMULATED DEPRECIATION -68,250 -40,000

TOTAL ASSETS 656,350 511,500

LIABILITIES AND SHAREHOLDERS EQUITY

ACCOUNT PAYABLES 43,000 38,000

DIVIDEND PAYABLE 7,500 5,000

INCOME TAXES PAYABLE 2,500 6,000

MORTGAGE PAYABLE 125,000 80,000

COMMON SHARES 217,000 167,000

RETAINED EARNINGS 261,350 215,500

TOTAL LIABILITIES AND SHAREHOLDERS EQUITY 656,350 511,500

1-Using horizontal analysis, calculate the percentage change between 2018 and 2019.

2-Using vertical analysis, calculate the percentage of the base amount for each year.

3-Based on your calculations in part (1) and (2), identify any significant changes from 2018 to 2019.