Problems 15 P24-4 (Horizontal and Vertical Analysis) Presented below is the comparative balance sheet for Gilmour Company GILMOUR COMPANY COMPARATIVE BALANCE SHEET As OF DECEMBER 31, 2015 AND 2014 2015 2014 Assets Cash Accounts receivable (net Short-term investments Inventories Prepaid expenses Plant & equipment $ 180,000 275,000 155,000 150,000 220,000 270,000 1,060,000 25 1,950,000 25,000 2,585,000 1,000.000)(750,000 $3,340,000 $2,785,000 Liabilities and Stockholders' Equity Accounts payable Accrued expenses Bonds payable Capital stock Retained eamings s 50.000 $ 75,000 200,000 190,000 1,770,000 550,000 $3.340,000 $2.785,000 170.000 450,000 2,100,000 570,000 Instructions