The following financial statements are taken from the records of Organo Inc. a) Use horizontal analysis techniques to compare the changes between 2019 and 2018 balance sheet items. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Round all percentages to the nearest whole number (i.e. 21.61% should be entered as 22%). Organo Inc. Balance Sheet As at January 31 2019 2018 $ Change % Change Current Assets Cash $334,300 $325,000 $Answer Answer % Accounts Receivable $142,900 $174,500 $Answer Answer % Merchandise Inventory $389,000 $415,500 $Answer Answer % Short-Term Investments $85,000 $98,200 $Answer Answer % Total Current Assets $951,200 $1,013,200 $Answer Answer % Noncurrent Assets $425,700 $280,400 $Answer Answer % Total Assets $1,376,900 $1,293,600 $Answer Answer % Current Liabilities $163,500 $211,700 $Answer Answer % Long-Term Liabilities $91,900 $134,300 $Answer Answer % Total Liabilities $255,400 $346,000 $Answer Answer % Stockholders Equity $1,121,500 $947,600 $Answer Answer % Total Liabilities and Equity $1,376,900 $1,293,600 $Answer Answer % b) Perform a vertical analysis of the income statement for 2018, stating all income statement items as a percentage of net sales. Organo Inc. Income Statement For the Year Ended January 31 2019 Sales $686,000 Answer % Cost of Goods Sold $377,300 Answer % Gross Profit $308,700 Answer % Operating Expenses Administrative Expense $24,500 Answer % Selling Expense $76,300 Answer % Total Operating Expenses $100,800 Answer % Other Income and Expenses Interest Expense $18,500 Answer % Income Before Income Tax $189,400 Answer % Income Tax Expense $56,820 Answer % Net Income $132,580 Answer %