Required: 1. Create a new worksheet Chapter5 EX3, and enter the previous data in it. 2....

  

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Required: 1. Create a new worksheet "Chapter5 EX3", and enter the previous data in it. 2. Insert necessary equations or functions in the related cells to calculate total current assets, total assets, and total liabilities & owners' equity for the two years (2018 and 2019). Insert necessary equations in the related cells to conduct horizontal and vertical analysis for all items of the Statements of Financial Position for the two years (2018 and 2019). XYZ Statements Financial Position December 31 Horizontal Analysis- Vertical Analys 2018 2019 Relative Change (6) 2018 201 Current Assel: ??? ??? 172 7000 5000 ??? ??? Accounts Recerrable 10000 18000 ??? 227 m Laventory 15000 17000 ??? ??? Propand Expressos, 1000 ??? ??? ??? Total Carent Assets ??? ??? ??? ??? M4 25 Total You Crest Assets ca Total Assets ??? 30000 34000 ??? ??? 777 ??? ??? ??? 22? 16 Babilition & Ofwers Encity! Accounts Payable 9000 12500 ??? ??? ??? Accrued expenses 1000 2500 ??? ??? ??? 2000 10000 ??? ??? 222 50000 Total lalities & OwnersZLENS 50000 ??? ??? ??? ??? ??? ??? ??? ??? (Figure 5-22) Required: 1. Create a new worksheet "Chapter5 EX3", and enter the previous data in it. 2. Insert necessary equations or functions in the related cells to calculate total current assets, total assets, and total liabilities & owners' equity for the two years (2018 and 2019). Insert necessary equations in the related cells to conduct horizontal and vertical analysis for all items of the Statements of Financial Position for the two years (2018 and 2019). XYZ Statements Financial Position December 31 Horizontal Analysis- Vertical Analys 2018 2019 Relative Change (6) 2018 201 Current Assel: ??? ??? 172 7000 5000 ??? ??? Accounts Recerrable 10000 18000 ??? 227 m Laventory 15000 17000 ??? ??? Propand Expressos, 1000 ??? ??? ??? Total Carent Assets ??? ??? ??? ??? M4 25 Total You Crest Assets ca Total Assets ??? 30000 34000 ??? ??? 777 ??? ??? ??? 22? 16 Babilition & Ofwers Encity! Accounts Payable 9000 12500 ??? ??? ??? Accrued expenses 1000 2500 ??? ??? ??? 2000 10000 ??? ??? 222 50000 Total lalities & OwnersZLENS 50000 ??? ??? ??? ??? ??? ??? ??? ??? (Figure 5-22)