Required information Use the following information for the Quick Studies below. (Static) [The following information applies to the questions displayed below.) Current Year Prior Year Cash $ 7.440 $ 8,000 Ancounts receivable 54,000 18.000 Tquipment, net 44.000 40,000 Land 91.60 56,000 Total assets $ 197,120 $132.000 QS 17-5 (Static) Horizontal analysis LO P1 Compute the annun 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.) Percent change Percent Change Cash Accounts receivable Equipment, net Land Total assets Horizontal Analysis - Calculation of Percent Change Numerator: Denominator Current year amount minus bas year amount Phase year amount Current Year Prior Year Dollar Change $ 74405 8,000 54000 18.000 44.000 40,000 91.680 66.000 $ 197.120 $ 132,000 %