Prepare Comparative Statements - Balance Sheet and Income Statement, using HORIZONTAL ANALYSIS for the following data:

1b. From the calculations you have made in 1a, comment on the changes you observe for Preference share capital, Land & Buildings, Plant & Equipment, Accounts Receivable and Selling and Promotion expenses.

	2020 (in BHD)	2021 (in BHD)
Equity share capital	850	850
Preference share capital	0	150
Sales revenue	9,300	10,500
Accounts payable	315	330
Stock of finished goods	475	510
Cost of direct materials used	3,000	3,050
Cost of direct labor	2900	2950
Plant & Equipment	950	700
4-year Bank loan	1,150	1,150
Cash at bank	50	45
Cash at hand	10	5
Land & Buildings	1,000	1,590
Office and administrative expenses	1,100	1,000
Reserves	380	620
Selling and promotion expenses	1,110	1,050
Accounts receivable	210	250