Question: Using these data from the comparative balance sheet of Pharoah Spice Company is presented below. Prepare a schedule showing a horizontal analysis for 2021

Using these data from the comparative balance sheet of Pharoah Spice Company is presented below. Prepare a schedule showing a horizontal analysis for 2021 using 2020 as the base year. (Round percentage answers to 1 decimal place, e.g. 15.2%.) December 31, 2021 December 31, 2020 Amount Accounts $408,930 $317,000 receivable Inventory 814,440 617,000 Total assets 3,267,720 2,817,000 Increase or (Decrease) Percentage % % %

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