ertical Analysis Page - perform a vertical analysis on the Income Statement and Balance Sheet Jane's Wedding Centre Condensed Income Statement For the Periods Ending December 31, Last Year and This Year COME STATEMENT les ost of Sales ross Profit Derating Expenses (Excluding preciation) epreciation perating Income (EBIT) terest come Before Income Taxes come Taxes (40%) et Income Last Year ($) This Year ($) Last Year %This Year % 552,500 227,075 325,425 160,225 60,000 105,200 34,000 71,200 28,480 42,720 742,205 259,800 482,405 280,275 59,000 143,130 15,863 127,267 50,907 76,360 ASSETS Current Assets Cash Marketable Securities Net Receivables Inventories jane's Wedding Centre Balance Sheets December 31, Last Year and This Year Total Current Assets. Property and Equipment Less Accumulated Depreciation Net Property and Equipment TOTAL ASSETS LIABILITIES AND OWNERS' EQUITY Current Liabilities Accounts Payable Notes Payable Accrued Wages Total Current Liabilities Long-Term Liabilities Long-Term Debt Total Liabilities Owners' Equity Capital Stock Retained Earnings Total Owners' Equity Last Year ($) 42,000 93,000 138,000 5,000 278,000 1,200,000 200,000 1,000,000 1,278,000 107,000 15,000 38,000 160,000 340,800 500,800 600,000 177,200 777,200 TOTAL LIABILITIES AND OWNERS' EQUITY 1,278,000 This Year ($) Last Year %This Year % 30,000 80,000 152,000 6,000 268,000 1,091,760 141.000 950,760 1,218,760 45,000 59,000 23,000 127,000 138,200 265,200 750,000 203,560 953,560 1,218,760