octoring Enabled: MH Lab 1: Ratio Analysis i 11 01:47:52 eBook The comparative financial statements prepared at December 31, Year 2, for Goldfish Company showed the Statement of Earnings Sales revenue Cost of sales Gross margin Operating expenses and interest expense Earnings before income taxes Income tax expense Net earnings Statement of Financial Position Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) Current liabilities (no interest) Non-current liabilities (10% interest) Common shares (6,000 shares) Retained earningst Year 2 $229,710* 168,760 Statement of earnings Sales revenue 60,950 46,870 14,080 3,480 $ 10,600 $ 3,970 17,000 43,280 46,030 $110,280 $ 14,230 46,150 30,000 19,900 $110,280 Saved Year 1 $195,000 142,000 53,000 41,700 11,300 2,600 $ 8,700 $ 8,000 20,500 38,000 39,000 $105,500 $ 17,000 41,000 30,000 17,500 $105,500 *One-third was credit sales. +During Year 2, cash dividends amounting to $8,200 were declared and paid. Required: 1. Using the concept of horizontal analyis, complete the following columns for each item in the precedi statements (Negative answers should be indicated by a minus sign. Round percentage answers to 2 should be entered as 12.43).): Increase (Decrease) Year 2 over Year 1 Amount

ccoring Enabled: MH Lab 1: Ratio Analysis 11 The comparative financial statements prepared at December 31, Year 2, for Goldfish Company showed th Biok 'One-third was credit sales. tDuring Year 2, cash dividends amounting to $8,200 were declared and paid. Required: 1. Using the concept of horizontal analyis, complete the following columns for each item in the prece statements (Negative answers should be indicated by a minus sign. Round percentage answers to should be entered as 12.43).)