a. Prepare a horizontal analysis for the period from 2019 to 2020 for the financial statements of Eagle Corp. provided below. Use a negative sign to indicate a decrease. Round the percentage change to the nearest whole percentage point (for example, enter 60 for 60.4% or 61 for 60.5%). Income Statement Revenues Cost of goods sold Gross margin Operating expenses Horizontal Analysis 2019 2020 Dollar Change Percentage Change $1,125,000 $1,280,000 $ % 697,500 800,000 $ % 427,500 480,000 $ % 276,000 288,000 $ % $151,500 $192,000 $ % Net income Balance Sheet Current assets Horizontal Analysis 2019 2020 Dollar Change Percentage Change $ 84,000 $ 112,000 $ % 600,000 624,000 $ % $684,000 $736,000 $ % Non-current assets Total assets % % Current liabilities $ 81,000 $ 96,000 $ Non-current liabilities 285,000 288,000 $ Total liabilities 366,000 384,000 $ Stockholders' equity 318,000 352,000 $ Total liabilities and stockholders' equity $684,000 $736,000 $ % % % b. Prepare a vertical analysis for the years of 2019 and 2020 for the financial statements for Eagle Corp. provided below. Do not use a negative sign in your answers. Round to the nearest whole percentage point (for example, enter 60 for 60.4% or 61 for 60.5%). Vertical Analysis 2019 2020 % of Sales 2019 2020 % of Sales % % Income Statement Revenues Cost of goods sold Gross margin Operating expenses % % $1,125,000 $1,280,000 697,500 800,000 427,500 480,000 276,000 288,000 $151,500 $192,000 % % % % Net income % % Vertical Analysis 2019 % of Total Assets 2020 % of Total Assets % % % % % % Balance Sheet 2019 2020 Current assets $ 84,000 $ 112,000 Non-current assets 600,000 624,000 Total assets $684,000 $736,000 Current liabilities $ 81,000 $ 96,000 Non-current liabilities 285,000 288,000 Total liabilities 366,000 384,000 Stockholders' equity 318,000 352,000 Total liabilities and stockholders' equity $684,000 $736,000 % % % % % % % % % %