D D E G + + 2 Current Year Prior Year 3 Cash $7,440 $8,000 4 Accounts receivable 54,000 18,000 5 Equipment, net 44,000 40,000 6 Land 91,680 66,000 7 Total assets $197.120 $132,000 8 9 Required: 10 Compute the annual dollar changes and percent changes for each of the following items. 11 12 (Use cells A2 to C7 from the given information to complete this question. Decreases should be entered with a minus sign. Round 13 your percentage answers to one decimal place.) 14 15 Horizontal Analysis - Calculation of Percent Change 16 Numerator: Denominator: 17 Percent change 18 Current Year Prior Year Dollar Change Percent Change 19 Cash $7,440 $8,000 20 Accounts receivable 54,000 18,000 21 Equipment, net 44,000 40,000 22 Land 91,680 66,000 23 Total assets $197,120 $132,000 24