Prepare a comparative balance sheet for 2008 and 2007, starting each asset as a percent of total assets and each liability and stockholder's equity item as a percent of the total liabilities and stockholders' equity. Round to one decimal place. Income statement data for Web-pics Company for the years ended December 31, 2008 and 2007, are as follows: Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for 2008 when compared with 2007. Round to one decimal place. What conclusions can be drawn from the horizontal analysis? The following data were taken from the balance sheet of Outdoor Suppliers Company