View previous attempt The comparative financial statements prepared at December 31, Year 2, for Goldfish Company showed the following summarized data: Statement of Earnings Sales revenue Cost of sales Gross margin Operating expenses and interest expense Earnings before income taxes Income tax expense Net earnings Statement of Financial Position Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) Current liabilities (no interest) Non-current liabilities (10% interest) Common shares (6,000 shares) Retained earningst Year 2 Year 1 $356,820 $300,000) 294,100 246,000 62,720 54,000 42,850 38,200 19,870 8,190 15,800 6,300 $ 11,680 $ 9,500 $ 4,060 $ 8,000 14,290 41,410 $14,320 17,000 36,000 42,000 50,050 $109,810 $103,000 $ 16,700 41,710 38,700 30,000 30,000 23,780 17,600 $109,810 $103,000 "One-third was credit sales. During Year 2, cash dividends amounting to $5,500 were declared and paid. Required: 1. Using the concept of horizontal analyis, complete the following columns for each item in the preceding comparative financial statements (Neastive answers should be indicated by a minus sian. Round percentage answers to 2 decimal places fi.e. 0.1243)