Using the balance sheet, conduct a horizontal analysis to determine the changes in balance sheet accounts for years shown.

Prior Year Cash Accounts Receivable (net) Inventories Land Equipment Accumulated Depreciation 65,000 54,000 85,000 90,000 20,000 370,000 (215,000 (158,000) $529,500 $461,000 78,000 106,500 495,000 Accounts Payable (merchandise creditors) Common Stock, $10 par Paid-In Capital in Excess of Par-Common Stock Retained Earnings $ 53,500 55,000 170,000 60,000 176,000 $529,500 $461,000 200,000 62,000