Horizontal Analysis Increase (Decrease) in the current year (versus the previous year) Amount Percentage Current Year Previous Year S 10.01% 7.7 1.100 4,000 7,000 3,000 12.1 8.3 110,000 $ 52,000 58,000 36,000 4,000 18,000 5,400 12,600 $ 99,000 $ 48,000 51,000 33,000 4,000 14,000 4,200 9,800 $ 0 0.0 22.2 4,000 1,200 2,800 22.2 $ 22.2% $ Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30%) Net Income Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net Total Assets Accounts Payable Income Tax Payable Note Payable (long-term) Total Liabilities Common Stock (par $10) Retained Earnings Total Liabilities and Stockholders' Equity 24,900 5,000 (13,000) (10,000) 65.5 % 41.7 (342) (9.5) % S $ 69,500 $ 17,000 25,000 95,000 206,500 $ 42,000 $ 1,000 40,000 83,000 90,000 33,500 206,500 $ 38,000 $ 12,000 38,000 105,000 193,000 35,000 $ 500 40,000 75,500 90,000 27.500 193,000 7,000 500 20.01% 100.0 0.0 0 0 0.0 (600) (22) $ Current Year Previous Year Amount Percentage nt s $ old ses $ 110,000 52,000 58.000 36,000 4,000 18,000 5,400 S 12,600 99,000 48,000 51,000 33,000 4,000 14,000 4,200 9,800 1,100 4,000 7,000 3,000 0 4,000 1,200 2,800 10.0 % 7.7 12.1 8.3 x 0.0 22.2 % 22.2 X 22.2 % come Tax Expense nse (30%) S $ $ able, Net 0 % 24,900 5,000 (13,000) (10,000) uipment, Net S $ 69,500 17,000 25,000 95,000 $ 206,500 $ 42,000 1,000 40,000 83,000 90,000 33,500 $ 206,500 65.5 % 41.7 (34.2) (9.5) % 20.0 % 100.0 0.0 de able ong-term) S 38,000 12,000 38,000 105,000 $ 193,000 IS 35,000 500 40,000 75,500 90,000 27,500 $ 193,000 7,000 500 0 >> 0 0.0 (par $10) gs and Stockholders' Equity (600) (22) Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Req 2B Which account increased by the largest dollar amount? Account Income Tax Payable Complete this question by entering your answers in the tabs below. Regi Req 2A Req 2B Which account increased by the largest percentage? Account Cash