Throughout the project, you have been asked a number of questions relating to the Balance Sheet of ABC Company. Using the Balance Sheet found below, perform a horizontal analysis. Once complete, use your new version of the Balance Sheet to present and discuss the Balance Sheet of ABC Company using PowerPoint. Based on the inferences you make from your horizontal analysis, discuss any improvements and/or changes that may have occurred since the prior year.

Consider addressing the items that the Board of Directors requested information on throughout the project: (1) Accounts Receivables and the process for uncollectible accounts; (2) Payroll Liabilities as well as other Current or Long-Term liabilities; and (3) the types of investments held by ABC Company. Keep in mind the intended audience of your presentation

		20X2	20X1	Dollar Change	% Change
Assets
Current Assets
Cash and cash equivalents	$	247,225	168,010
Trading Securities	$	48,000	39,600
Accounts receivable	$	28,000	19,500
Allowance for doubtful accounts		-5,000	-2,900
Accounts receivable, net	$	23,000	16,600
Inventories	$	2,450	3,600
Prepaid expenses and other receivables	$	1,200	750
Available-for-sale securities	$	17,750	14,005
Total current assets	$	339,625	242,565
Property, plant and equipment, net	$	404,550	299,050
Intangible Assets	$	300	300
Total assets	$	744,475	541,915
Liabilities and Shareholders' Equity
Current Liabilities
Salaries Payable	$	75,000	66,950
FICA-Social Security Taxes Payable	$	10,540	7,682
FICA-Medicare Taxes Payable	$	2,465	1,797
Employee Federal Income Taxes Payable	$	8,500	6,000
State Unemployment Taxes Payable	$	756	540
Federal Unemployment Taxes Payable	$	84	60
Notes payable or current portion of long-term debt	$	24,000	24,000
Accounts payable	$	15,030	17,050
Total current liabilities	$	136,375	124,079
Long-term debt	$	204,400	128,400
Total liabilities	$	340,775	252,479
Shareholders' equity
Common stock, $10 per value; 50,000 shares authorized; 20,000 shares issued and outstanding	$	275,000	220,000
Retained earnings	$	128,700	69,436
Total shareholders' equity	$	403,700	289,436
Total liabilities and shareholders' equity	$	744,475	541,915

please complete the exercise and explain the presentation