PART 4: VERTICAL ANALYSIS 10 POINTS Prepare the vertical analysis report of the balance sheet data given below: Balance Sheet December 31, 2017 2017 Assets Current Assets: Cash and Cash Equivalents Accounts Receivable, Net Merchandise Inventory Total Current Assets Long-term Investments Property, Plant, and Equipment, Net Total Assets $10,000 15,600 38,000 $15,000 Liabilities Current Liabilities Accounts Payable Notes Payable Total Current Liabilities Long-term Liabilities Total Liabilities $8,500 400 $9.900 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $161,000 48.700 $273,600 PART 5: HORIZONTAL ANALYSIS 10 POINTS Data for Atlantis Inc. follow: Atlantis Inc. Comparative Income Statement Years Ended Dec 31, 2017 and 2016 2017 5550,000 2016 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses 100,000 Other Expenses(Interest Expense)12,000 Income Tax Expense Total Expenses Net Income $500,000 245,000 220,000 96,000 47,000 $128,000 9,000 58,000 $415,000 $135,000 Prepare a horizontal analysis of the comparative income statement of Atlantis Inc