Based on the given information for the Beagle Company below, prepare a horizontal analysis of their balance sheet in good form including $ change and % change. Round percentages to one decimal point. 

Assets:	2023	2022	$Change	%Change
Current Assets:
Cash	7,500	$ 5,500
Accounts receivable, net	31,500	25,000
Inventories	48,000	55,500
Total current assets	87,000	86,000
Property, Plant, and equipment, net	109,500	111,000
Goodwill and patents, net	12,500	5,000
Total assets	$209,000	$202,000
	========	========
Liabilities and Stockholder's Equity
Current liabilities:
Notes payable	$24,000	$ 25,000
Accounts payable	26,000	17,000
Total current liabilities	50,000	42,000
Long-term debt	54,000	68,000
Total liabilities	104,000	110,000
Stockholders' Equity:
Common Stock, $10 par	20,000	22,000
Retained earnings	85,000	70,000
Total stockholders' equity	105,000	92,000
Total liabilities and stockholders' equity	$209,000	$202,000
	========	========

Based on the given information for the Beagle Company below:

2) Prepare a horizontal analysis of the income statement in good form Round percentages to one decimal point (1 pt.)

2) Prepare a vertical analysis of the income statement in good form. Round percentages to one decimal point. (1 pt.)

2023 2022

Net sales	$177,000	$160,000
Cost of goods sold	149,000	125,000
Gross profit	28,000	35,000
Selling and administration expenses	20,000	22,000
Net income	$ 8,000	$ 13,000
	========	========

Answer rating: 100% (QA)

Horizontal Analysis of Balance Sheet Assets 2023 2022 Change Change Current Assets Cash 7500 5500 20... View the full answer