use horizontal analysis techniques to compare between 2020 and 2019 balance sheet items. use tge negative sign for negative values. round all percentages to 2 decimal places. iam going to need step by step explanation and the answer thanks.

Chapter 10 AP-23B Take me to the text The following financial statements are taken from the records of Sapphire Inc. a) Use horizontal analysis techniques to compare the changes between 2020 and 2019 balance sheet items. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Round all percentages to 2 decimal places. Sapphire Inc. Balance Sheet As at December 31 2020 2019 $ Change % Change Current Assets Cash $318,300 $319,400 $ Accounts Receivable $150,900 $170, 100 $ % Merchandise Inventory $381,200 $414,800 $ Short-Term Investments $116,500 $104,700 $ Total Current Assets $966,900 $1,009,000 $ % Long-Term Assets $527,850 $318,900 $ o Total Assets $1,494,750 $1,327,900 $ Current Liabilities $258,200 $224,600 $ Long-Term Liabilities $126,900 $109,500 $ Total Liabilities $385,100 $334,100 $ hareholders' Equity $1,109,650 $993,800 $ 70 tal Liabilities and Equity $1,494,750 $1,327,900 $ % Perform a vertical analysis of the income statement for 2020, stating all income statement items