The Stair Company sells computer parts through a retail store that it operates. The firms comparative income statement and balance sheet for the years 2019 and 2018 are shown below.

Required:

1. 1-b. Complete both a horizontal and a vertical analysis of comparative balance sheet for the years 2019 and 2018.

Complete both a horizontal and a vertical analysis of comparative balance sheet for the years 2019 and 2018. (Round your percentage answers to 1 decimal place. i.e., 0.123 should be entered as 12.3. Negative amounts should be indicated by a minus sign.)

The Stair Company
Comparative Balance Sheet
For Years Ended December 31, 2019 and 2018
	Amounts		Percent of total assets				Increase or (Decrease)
Account name	2019	2018	2019		2018		Amount	Percent
Assets
Current Assets
Cash	125,400	60,000		%		%			%
Accounts Receivable	111,500	102,000		%		%			%
Merchandise Inventory	91,800	90,000		%		%			%
Prepaid Expenses	9,700	7,000		%		%			%
Supplies	2,100	1,000		%		%			%
Total Current Assets	340,500	260,000		%		%	$0		%
Property, Plant, and Equipment
Land	90,000	90,000		%		%			%
Building and Equipment	97,000	97,000		%		%			%
Less Accumulated Depreciation	(36,000)	(27,000)		%		%			%
Net Book ValueBuilding and Equipment	61,000	70,000		%		%			%
Total Property, Plant, and Equipment	151,000	160,000		%		%			%
Total Assets	491,500	420,000		%		%	$0		%
Liabilities and Stockholders Equity
Current Liabilities
Accounts Payable	43,500	72,000		%		%			%
Sales Tax Payable	2,500	6,000		%		%			%
Payroll Taxes Payable	2,600	2,300		%		%			%
Income Taxes Payable	2,500	6,000		%		%			%
Total Current Liabilities	51,100	86,300		%		%	$0		%
Long-Term Liabilities
Mortgage Payable	55,500	60,000		%		%			%
Total Long-Term Liabilities	55,500	60,000		%		%			%
Total Liabilities	106,600	146,300		%		%	$0		%
Stockholders Equity
Common Stock ($1 par, 10,000 shares authorized; 10,000 shares issued and outstanding)	10,000	10,000		%		%			%
Paid-in CapitalCommon Stock	10,000	10,000		%		%			%
Retained Earnings	364,900	253,700		%		%			%
Total Stockholders Equity	384,900	273,700		%		%	$0		%
Total Liabilities and Stockholders Equity	491,500	420,000		%		%	$0		%