Wild Energy Drinks reported the following figures:

Additional Financial Information:

• 60% of net sales are on account.
• Market price of the stock is $32 on December 31^st, 2020.
• Annual dividend for 2020 was $2.00 per share.
• All short-term equivalents are cash equivalents.

Requirements:

1. Perform a horizontal analysis on the balance sheet for 2019 and 2020.
2. Perform a vertical analysis on the income statement for 2020.

Wild Energy Drinks Balance Sheet December 31st, 2019 and 2020 2020 2019 Assets Current Assets Cash Short-term Investments Accounts Receivable Merchandise Inventory Total Current Assets Property. Plant, and Equipment, Net Total Assets $ 150,000.00 $ 100,000.00 $ 650,000.00 $ 640,000.00 $ 300,000.00 $ 275,000.00 $ 100,000.00 $ 85,000.00 $ 1,200,000.00 $ 1.100.000.00 $ 900,000.00 $ 800,000.00 $ 2,100,000.00 $ 1,900,000.00 $ $ $ 200,000.00 s 25,000.00 $ 225,000.00 $ 185,000.00 10,000.00 195,000.00 Liabilities Current Liabilities Accounts Payable Accrued Liabilities Total Current Liabilities Long-term Liabilities Bonds Payable Mortgage Payable Total Long-term Liabilities Total Liabilities $ 725,000.00 $ 700,000.00 $ 250,000.00 $ 225,000.00 $ 975,000.00 $ 925,000.00 $ 1,200,000.00 $ 1,120,000.00 Stockholders' Equity Common Stock, $1 par, 250,000 shares issued and Oustanding Paid-in Capital in Excess of Par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ 250,000.00 $ 250,000.00 $ 68,000.00 $ 68,000.00 $ 582,000.00 $ 462,000.00 $ 900,000.00 $ 780,000.00 $ 2,100,000.00 $ 1.900,000.00 Wild Energy Drinks Income Statement Year Ended December 31st, 2020 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expense Operating Income Other Income and (Expense) Interest Expense Income Before Income Taxes Income Tax Expense Net Income $ 1,600,000.00 $ 851,000.00 $749,000.00 $ 200,000.00 $ 549,000.00 $ 10,000.00 $ 539,000.00 $ 113,190.00 $ 425,810.00