Prepare a horizontal analysis of both the balance sheet and income statement. Complete this question by entering your answers in the tabs below. Horizontal Analysis of Balance Sheets Year 4 Year 3 % Change Assets Current assets Cash $ 16,500 $ 12,700 % Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets 21,200 54,400 135,500 25,800 253,400 7,900 47,200 144,600 10,600 223,000 21,400 255,800 25,800 303,000 526,000 27,200 270,800 30,600 328,600 582,000 $ $ Investments Plant (net) Land Total long-term assets Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities $ 16,800 $ 5,600 99,500 113,300 19,500 149,600 13,500 118,600 Noncurrent liabilities Bonds payable 99,600 99,600 Other 30,900 26,700 126,300 Total noncurrent liabilities Total liabilities Stockholders' equity 130,500 280,100 244,900 Preferred stock (par value $10,4% cumulative, nonparticipating; 6,600 shares authorized and issued) 66,000 66,000 66,000 66,000 Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 149,100 169,900 301,900 582,000 281,100 526,000 $ $ % 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 Sheet Analysis Inc Stmt Prepare a horizontal analysis of the income statement. (Negative answers should be indicated by a minus sign. Round your percentage answers to 1 decimal place. (i.e., 0.234 should be entered as 23.4).) BAIRD COMPANY Horizontal Analysis of Income Statements Year 4 Year 3 % Change Revenues Sales (net) Other revenues $ % 230,000 $ 9,000 239,000 211,900 6,100 Total revenues 218,000 119,600 54,700 Expenses Cost of goods sold Selling, general, and administrative expenses Interest expense Income tax expense Total expenses Net income (loss) 101,100 48,200 6,100 6,900 21,100 20,100 202,300 36,700 $ 175,500 42,500 $ %