Horizontal analysis for income statement and balancs sheet

1a. Prepare Comparative Statements - Balance Sheet and Income Statement, using HORIZONTAL ANALYSIS for the following data: 20 marks 1b. From the calculations you have made in 1a, comment on the changes you observe for Preference share capital, Land & Buildings, Plant & Equipment, Accounts Receivable and Selling and Promotion expenses. 5 marks 2020 in BHD) 2021 (in BHD) Page 2 of 5 DIN: RUW-SNT.T.035 EXAMINATION QUESTION BOOKLET RN: 04 ED: 18/02/2016 850 850 0 Equity share capital Preference share capital Sales revenue Accounts payable Stock of finished goods Cost of direct materials used Cost of direct labor Plant & Equipment 4-year Bank loan Cash at bank Cash at hand Land & Buildings Office and administrative expenses Reserves Selling and promotion expenses Accounts receivable 9,300 315 475 3,000 2900 950 1,150 50 10 1,000 150 10,500 330 510 3,050 2950 700 1,150 45 5 1,590 1,100 1,000 620 380 1,110 1,050 210 250