1. Complete a common size statement for the Income Statement and Balance Sheet. 2. Please give the dollar amount of change and percentage change in each of the following accounts from 2018 and 2019.

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C17 Assignment for 35 points. There are two problems PUT YOUR ANSWERS ON A SEPARATE SHEET OF PAPER 1. Common Size Statements and 2. Horizonal Analysis 1. Complete a common size statement for the Income Statement and Balance Sheet Income Statement For the year ending December 31, 2019 Net Sales $ 2,500,000 1.000.000 1,500,000 Cost of Goods Sold Gross Profit Operating Expenses Depreciation Expense Sales Salaries Expense $ 30,000 318,500 Rent Expense Office Supplies Expense Insurance Expense 208,100 25,000 228,000 131,800 50,000 Advertising Expense Interest Expense Total Expenses __991,400 Net Income $ 508,600 Balance Sheet December 31, 2019 Cash $ 25,208 A/R Short Term Investments Inventory 125,000 75,000 1,500,000 2,000,000 $3,725,008 Equipment, Net Total Assets AVP $ 150,200 N/P 1,000,500 Total Liabilities 1,200,700 1,125,008 Common Stock Paid in Capital Retained Earnings Total Liabilities and Owners Equity 15,000 233,600 $3,725,008 2. Please give me the dollar amount of change and the percentage change in each of the following accounts from 2018 and 2019. 2018 2019 Cash AVR S-T Investments Inventory Equipment, net A/P N/P Common stock Retained Earnings 2,000 4.500 6,710 20,465 1,234,000 23,000 40,500 100,670 450,000 3,500 1,200 8,210 30,420 1,000,500 65,000 35,700 150,670 457,000