Use the financial information provided below to perform both a vertical and horizontal analysis of French Corp Item Cash Accounts Receivable Inventory Accounts Payable Net Plant and Equipment Long-Term Debt Common Stock and Paid-in Surplus Retained Earnings Net Sales Cost of Goods Sold Operating Expenses Depreciation Expense Management Salaries Interest Income Tax 2018 2019 $ 150,000 $ 85,000 $ 580,000 $ 630,000 $ 360,000 $ 430,000 $ 410,000 $ 625,000 $ 1,250,000 1,490,000 $ 1,470,000 $ 1,530,000 $ 400,000 $ 400,000 $ 60,000 $ 80,000 $ 2,150,000 $ 2,550,000 $ 1,350,000 $ 1,590,000 $ 125,000 $ 165,000 $ 240,000 $ 250,000 $ 220,000 $ 330,000 $ 140,000 $ 165,000 $ 15,500 $ 13,500 a) Prepare the 2018 and 2019 common-sized Balance Sheets. b) Prepare the 2018 and 2019 common-sized Income Statements. c) Using 2018 as the base year, perform a horizontal analysis on the Balance Sheets. d) Using 2018 as the base year, perform a horizontal analysis on the Income Statements. E) What do you observe? Are there any interesting trends or changes? (answer with a few sentences)