We often look at differences between the prior year and current year results in terms of percentages. The reason for using percentages is because it is easier for human beings to understand the difference when it is common sized and put on a 100 point scale. When we compare the current versus the prior year, we call that horizontal or trend analysis. Assume that a retail store experienced an 11.8% increase in sales. Which set of facts would lead to that percentage? 1) Current year sales of $7,376,470 and prior year sales of $8,360,000. 2) Current year sales of 836,000 and prior year sales of $748,000. 3) Current year sales of 7,480,000 and prior year sales of $8,360,000. 4) Current year sales of $836,000 and prior year sales of $737,647