Use the information below that is needed to create a horizontal financial statement. (please show what the horizontal financial statement would look like)

Waddel Company had the following balances in its accounting records as of December 31, year 1:

Assets

Cash $52,000

Accounts Receivable 23,000

Land 45,000

Total $120,000

Liabilities & Stockholders' Equity

Accounts Payable $12,500

Common Stock 35,000

Retained Earnings 72,500

Total 120,000

The following accounting events apply to Waddell Company's Year 2 fiscal year

Jan. 1. Acquired $35,000 cash from the issue of common stock

Mar. 1 Paid a $4,000 cash dividend to the stockholders

Apr. 1 Purchased additional land that cost $20,000 cash

May. 1 Made a cash payment on accounts payable of $7,000

Sept 1 Sold land for $25,000 cash that had originally cost $25,000

Dec 31 Earned $65,000 of service revenue on account during the year

31 Recieved cash collections from accounts receivable amounting to $55,000

31 Incurred other operating expenses on account during the year that amounted to $34,000

31 the land purchased on April 1 had a market value of $30,000