Problem 13-17A Horizontal analysis LO 13-1 Prepare a horizontal analysis of both the balance sheet and income statement. Complete this question by entering your answers in the tabs below Analysis Bal Analysis Inc Sheet Stmt Prepare a horizontal analysis of the balance sheet. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) ALLENDALE COMPANY Horizontal Analysis of Balance Sheets Year 4 Year 3 Percentage Change Assets Current assets Cash 40,000 36,000 24 ch ALLENDALE COMPANY Horizontal Analysis of Income Statements Year 4 Year 3 Percentage Change Revenues Sales (net) Other revenues $ 230,000 S 210,000 5,000 215,000 8,000 Total revenues 238,000 Expenses Cost of goods sold Selling, general, and administrative expenses Interest expense Income tax expense 103,000 50,000 7,200 22,000 182,200 S 32,000 $ 32,800 120,000 55,000 8,000 23,000 206,000 Total expenses Net income (loss) Analys Analysis Bal Sheet 3 of 4 li Next >