Question: I really need help with this problem before 3:00 PM eastern standard time tomorrow, 5/01/2019. I don't know how to complete it. Thank you! Problem
I really need help with this problem before 3:00 PM eastern standard time tomorrow, 5/01/2019. I don't know how to complete it. Thank you!

Problem 5: (35 points) Required: Using the financial information below, prepare both a horizontal and vertical Analysis. Show the increase (decrease) and the percentage change (round the percentage To 2 decimal places) Northland Company Comparative Income Statements For the Year Ended December 31, 20X2 and 20X1 20X2 Vertica Vertical 20X1 Increase or Horizontal (Decrease) % 20X1 20X2 s 457,920 338 Net Sales Cost of Goods Sold Gross Profit 338,750 210,975107,830 107,830 6,945 230,920 Operating Expenses: $39,850 $53,110 60,000 2,085 $105,675$115,195 Selling Expenses Administrative Expenses Interest Expense 62,325 Total Operating Expenses Income Before Income Taxes Income Tax Expense Net Income 141,270 S 115,725 22,487 $ 76,098 $ 93,238 65,172 Northland Company Comparative Balance Sheets December 31, 20X2 and 20X1 20X2 20X1 Increase or Horizontal (Decrease) % Vertical Vertical 20X2 20X1 Assets: Cash Accounts Receivable (Net) Merchandise Inventory Supplies $28,45050,000 202,700 1,103,000 1,075,635 19,500 Property, Plant and Equipment (r1,638,500 1,149,000 $ 2,884,450 $ 2,496,835 94,500 20,000 Total Assets Liabilities: 247,000$80,000 750,000 $ 1,097,000$830,000 Accounts Payable Bonds Payable Total Liabilities 850,000 Stockholders' Equity: $ 1,100,000 $950,000 300,000 416,835 $ 1,787,450 1,666,835 Total Liabilities and Stockholders' Equ S 2,884,450 S 2,496,835 Common Stock($5 Par) Paid-in Capital in Excess of Par Retained Earnings Total Stockholders' Equity 400,000 287,450
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