1. Do a horizontal analysis on the attached balance sheet. (19 Points)

Jolston Company Balance Sheet Horizontal Analysis December 31 20X1 and 20X0 ($ in 000's) 20X1 20XO Cash 200 240 850 1,004 Accounts Receivable (net) Inventory Prepaid Assets 1,000 940 100 82 Current Assets 2,150 2,266 Land 450 200 1,800 1,270 200 160 1,600 Building (Cost) Accumulated Depreciation Building (net) Total Assets Accounts Payable Wages Payable 1,110 3,576 4,200 120 450 50 20 Accrued Liabilities 70 40 Current Liabilities 240 510 220 120 350 300 Long Term Notes Payable Common Stock $5 Par) Paid in Capital in Excess of Par Retained Earnings Total Liabilities and Equity 2,190 2,022 1,200 624 4,200 3,576