Required information Use the following information for the Quick Studies below. (Static) [The following information applies to the questions displayed below.) Cash Accounts receivable Equipment, net Land Current Year $ 7,440 54,000 44,000 91,680 $ 197, 120 Prior Year $ 8,000 18,000 40,000 66,000 $ 132,000 Total assets AS 17-5 (Static) Horizontal analysis LO P1 Compute the annual dollar changes and percent changes for each of the following items. (Decreases should be entered with a minus sign. Round your percentage answers to one decimal place.) Horizontal Analysis - Calculation of Percent Change Numerator: Denominator: Percent change = Current Year Prior Year Dollar Change Percent Change Cash $ 7,440 $ 8,000 % Accounts receivable 54,000 18,000 % Equipment, net 44,000 40,000 % Land 66,000 % 91,680 197,120 $ Total assets $ 132,000 %