Horizontal Analysis Increase (Decrease) in the Current year (versus Previous year) Current Year Previous Year Amount Percentage Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30%) $ 116,000103,200 48,600 54,600 34,500 4,600 15,500 4,650 $ 13,440 10.850 53,200 62,800 39,000 4,600 19,200 5,760 Net Income Balance Sheet S 68,340 S 34,800 10,800 39.200 108,000 S207.740 S 192.800 S43,200 S 35.600 Cash Accounts Receivable, Net 18,200 25,600 95,600 Inventory Property and Equipment. Net Total Assets Accounts Payable Accounts Payable Income Tax Payable Note Payable (long-term) Total Liabilities Common Stock (par $10) Retained Earnings Total Liablities and Stockholders Equity $ 43200 35,600 1.100 46,000 82.700 82.000 28.100 S207,740 S 192,800 2 200 46,000 91.400 82,000 4.340 Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B HAON hich account increased by. the largest dollar amount?... nces ccount Complete this question by entering your answers in the tabs below. ok Req 1 Req 2A Req 2B nt Which account increased by the largest persentage. ences Account K Req 2/A