Objective: To prepare a comparative balance sheet with horizontal analysis

The 20X3 and 20X4 balance sheets for Carson Company follow:

Directions: 1. Prepare a classified comparative balance sheet with horizontal analysis for Carson Company. Round all percents to the nearest tenth of a percent. 2. Analyze the statement, commenting on the strengths and weaknesses shown by the horizontal analysis.

Objectives To The 20X3 and 20X4 balance sheets for Carson Company to a prepare a comparative balance sheet with horizontal analysis Carson Company Comparative Balance Sheet December 31,20X3 and 20X4 20x4 20x3 Assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Plant assets (net) $ 126 000 00S 180 0 00 00 129 0 00 00 453 00000 145 000 00 167 000 755 6 0000 384 3 00 00 24 4 00 00 157 00 00 1820 0 0000 1600 0 00 00 $3,000 000 00 S28000 00 00 Total assets Liabilities s 344 6 00 00 S 304 1 00 00 Accounts payable Accrued liabilities Bonds payable, due in 10 years 55 4 00 00 95900 00 20000000 500 0 00 00 S 700 0 00 00 $ 900 0 00 00 Total liabilities $1.450 000 00$1 350 0 00 00 85000000 55000000 $2,300 0 00 00 $1,9000 00 00 $3.000 0 00 00 S2,8000 00 00 Stockholders' Equity Common stock, $10 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity and 20x4 20x3 20x4 $ 1260 0000$ 180 0 00 00 129 0 0000 45300000 145 000 00 167000 00 755 6 00 00 384 3 00 00 24 4 00 00 157 00 00 1,820 0 00 00 1,600 000 00 $3,000 0 00 00 $2800 0 00 00 S 344 6 00 00 $ 304 1 00 00 55 4 00 00 95900 00 2000 00 00 500 0 00 00 $ 700 0 00 00$ 900 0 00 00 $1,450000 00 $1,350 0 00 00 850000 00 550 000 00 $2,300 0 00 00 $1,9000 00 00 $3,000 0 00 00 $2800 000 00 Increase or (Decrease) 20X4 20x3 Amount Percent 2