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Using the fol lowing selected items from the comparative balance sheet of Sandhill Company, illustrate horizontal (using 2020 as the base year) and vertical analysis.

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Using the fol lowing selected items from the comparative balance sheet of Sandhill Company, illustrate horizontal (using 2020 as the base year) and vertical analysis. (Round vertical analysis to 1 decimal place, as. 15.2.) HORIZONTAL ANALYSIS December 31, December 31, December 31, December 31, 2021 2020 2021 2020 Accounts Receivable $778,430 $693,870 % % Inventory 471,580 421,170 % % Total Assets 3,230,000 3,030,000 % % HORIZONTAL ANALYSIS VERTICAL ANALYSIS December 31, December 31, December 31, December 31, 2021 2020 2021 2020 % % % % % % % % % % % %

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