Can you please answer this step by step for the project

Throughout the project, you have been asked a number of questions relating to the Balance Sheet of ABC Company. Using the Balance Sheet found below, perform a horizontal analysis.Based on the inferences you make from your horizontal analysis, discuss any improvements and$/$or changes that may have occurred since the prior year. Consider addressing the items that the Board of Directors requested information on throughout the project: $(1)$ Accounts Receivables and the process for uncollectible accounts; $(2)$ Payroll Liabilities as well as other Current or Long$-$Term liabilities; and $(3)$ the types of investments held by ABC Company. Keep in mind the intended audience of your presentation.H$34$

ABC COMPANY

balance sheet

At December $31,20$X$2$ and December $31,20$X$1$

Assets

Current Assets

Cash and cash equivalents

Trading Securities

Accounts receivable

Allowance for doubtful accounts

Accounts receivable, net

Inventories

Prepaid expenses and other receivables

Available$-$for$-$sale securities

Total current assets

Property, plant and equipment, net

Intangible Assets

Liabilities and Shareholders' Equity

Current Liabilities

Salaries Payable

FICA$-$Social Security Taxes Payable

FICA$-$Medicare Taxes Payable

Employee Federal Income Taxes Payable

State Unemployment Taxes Payable

Federal Unemployment Taxes Payable