50 #3 HORIZONTAL ANALYSIS 51 52 INSTRUCTIONS: Prepare a horizontal analysis of the income statement using 2020 as a base. 53 54 55 Neiman Corp. Comparative Balance Sheet For the years ended December 31 56 57 2021 2020 59 Assets 85 BBBBB85B8EBER 60 Current Assets 360 300 61 Plant Assets 700 500 62 Total Assets 1,060 800 63 64 65 160 120 66 250 160 Liabilities & Stockholders' Equity Current liabilities Long-term debt Common stock Retained earnings Total liabilities & stockholders' equity 67 370 320 68 280 200 69 1,060 800 70