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You have been asked to examine the financial statements for Jade inc. and to comment on trends. a) Use horizontal analysis tools to compare the

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You have been asked to examine the financial statements for Jade inc. and to comment on trends. a) Use horizontal analysis tools to compare the changes between 2019 and 2020 line items for the balance sheet Do not enter dollar signs or commas in the input boxes, Use the negative sign for negative values. Round all answers to 2 decimal places. b) Use vertical analysis tools to compare line iterns to the sales base figure b) Use vertical analysis tools to compare line items to the sales base figure. \begin{tabular}{|l|l|l|} \hline Bank Charges Expense & $7,700 & \\ \hline Communication Expense & $4,500 & % \\ \hline Depreciation Expense & $4,100 & % \\ \hline Professional Fees Expense & $6,400 & \\ \hline Rent Expense & $6,500 & % \\ \hline Repairs and Maintenance Expense & $5,300 & \\ \hline Salaries and Wages Expense & $46,800 & % \\ \hline Transportation Expense & $4,800 \\ \hline Utilities Expense & $4,900 & % \\ \hline Total Operating Expenses & $97,100 & % \\ \hline Net Income & $286,250 & % \\ \hline \end{tabular}

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