The following financial statements are taken from the records of Organo Inc. a) Use horizontal analysis techniques to compare the changes between 2022 and 2021 balance sheet items. 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. Organo Inc. Balance Sheet As at August 31 2022 2021 % Change Current Assets Cash $336,500 $324,400 Answer % Accounts Receivable $230,900 $186,800 Answer % Inventory $378,700 $404,600 Answer % Short-Term Investments $128,000 $102,000 Answer % Total Current Assets $1,074,100 $1,017,800 Answer % Other Assets $181,300 $314,000 Answer % Total Assets $1,255,400 $1,331,800 Answer % Current Liabilities $212,500 $246,100 Answer % Long-Term Debt $115,000 $147,900 Answer % Total Liabilities $327,500 $394,000 Answer % Shareholders Equity $927,900 $937,800 Answer % Total Liabilities and Equity $1,255,400 $1,331,800 Answer % b) Perform a vertical analysis of the income statement for 2022, stating all income statement items as a percentage of net sales. Organo Inc. Income Statement For the Year Ended August 31 2022 Sales $714,000 Answer % Cost of Goods Sold $285,600 Answer % Gross Profit $428,400 Answer % Operating Expenses Advertising Expense $5,600 Answer % Bank Charges Expense $8,000 Answer % Communication Expense $4,700 Answer % Depreciation Expense $6,900 Answer % Professional Fees Expense $5,800 Answer % Rent Expense $6,300 Answer % Repairs and Maintenance Expense $7,100 Answer % Salaries and Wages Expense $79,300 Answer % Transportation Expense $6,100 Answer % Utilities Expense $5,700 Answer % Total Operating Expenses $135,500 Answer % Net Income $292,900 Answer %