11. Complete the vertical and horizontal analysis, do the vertical analysis based on Total Assets. (20 Points) 31-Dec-15 Vertical Analysis 31-Dec-14 Vertical Analysis Horizontal Analysis Balance Sheet Assets Cash $150,000 $135,000 Accounts Receivable 25,000 30,000 Inventory 30,000 25,000 Property Plant and Equipment 740,000 740000 Total Assets 945,000 $930,000 Liabilities Accounts Payable 100,000 105,000 Notes Payable 650,000 670,000 Total Liabilities 750,000 775,000 Shareholder's Equity Common Stock 150,000 150,000 Retained Earnings 45000 $5,000 Total Equity 195,000 $155,000 Total Liabilities and Equity 945,000 930,000