Help me solve this please.

Chapter 14 Class Problem #1 Here is the Galloway Corporation data for the current years Account Current year Cash $46,200 A/R $69,000 Mdse, Inventory $67,500 Equipment $50,000 Current liabilities $46,200 Long-term liabilities $26,600 Common stock (5,000 shares) $42,000 Retained earnings $117.900 Prior year $42,000 $60,000 $50,000 $40,000 $33,000 $28,000 $35,000 $96,000 Net sales revenue COGS Gross Profit Selling/General expenses Net income before taxes Income tax expense Net Income $625,000 $520,000 $105,000 $45,000 $60,000 $16,500 $43,500 $500,000 $400,000 $100,000 $50,000 $50,000 $15,000 $35,000 1. Perform a horizontal analysis on the above data for both the income statement and the balance sheet. Interpret the results. 2. Perform a vertical analysis on the above data for the current year, both the income statement and the balance sheet, and interpret the results. 3. Compute the liquidity and profitability ratios for Galloway Corporation, and interpret your results