Group B Problems (The blank forms you need are on the MAL.) 17B-1. From the comparative balance sheet of Hesler Corporation in Figure 17.14, p. 734): a. Prepare a horizontal analysis of each item for the amount of increase or decrease as well as the percent increase or decrease (to the nearest tenth of a percent). b. Vertically analyze the 2014 column of the balance sheet (to the nearest tenth of a percent). Check Figure: Cash 3.3% Copyright 2012 Pearson Canada Inc., Toronto, Ontario LYZING FINANCIAL STATEMENTS HESLER CORPORATION COMPARATIVE BALANCE SHEET DECEMBER 31, 2014, AND DECEMBER 31, 2013 December 31 2014 2013 Assets Current Assets: Cash Accounts Receivable, Net Merchandise Inventory Prepaid Expenses Total Current Assets s 16 5 0 0 0 0 S 12 30 000 52 5 0 0 0 0 44 70 000 660 01000 7800000 93 0 0 0 0 5 70 000 $ 144 30000 $140 70 000 Plant and Equipment: Office Equipment, Net Total Assets $ 35160 000 330 0 0 0 0 0 $495 90 000 $470 z oo oo Liabilities Current Liabilities: Notes Payable Accounts Payable Total Current Liabilities s 7210 olooo s 540 ooloo 4510 lololo o 28 5 0 0 0 0 s 1170 00 00 $ 82 50 000 Shareholders' Equity Common Shares, $10 par value Retained Earnings Total Shareholders' Equity Total Liabilities and Shareholders' Equity s 300 00000 s 3000 Oooo 7890000 8820000 $ 378 90 000 $ 388 2 0 0 0 0 $ 49519 lolobo so zlololoo