This concludes the accounting for Graham€™s Yard Care, Inc. that we began in Chapter 1. For this exercise, refer to the comparative balance sheet that was presented in the Continuing Exercise in Chapter 11.

Requirements
1. Prepare a horizontal analysis of the balance sheet for Graham€™s Yard Care, Inc.
2. Prepare a vertical analysis of the balance sheet for Graham€™s Yard Care, Inc.

Graham's Yard Care, Inc. Comparative Balance Sheet December 31, 2015 and 2014 2015 2014 ASSETS Cash Accounts Receivable Lawn Supplies Equipment (Less Accumulated Depreciation) Total Assets $1,500 $6,480 150 70 1,400 146 $8,255 $7,954 2,200 150 4,900 495 LIABILITIES Accounts Payable Notes Payable 350 $1,400 5,000 SHAREHOLDERS' EQUITY Common Shares Retained Earnings 2,000 5,905 1,000 554 Total Liabilities and Sharesholders' Equity $8,255 $7,954 Graham's Yard Care, Inc. Comparative Balance Sheet December 31, 2015 and 2014 2015 2014 ASSETS Cash Accounts Receivable Lawn Supplies Equipment (Less Accumulated Depreciation) Total Assets $1,500 $6,480 150 70 1,400 146 $8,255 $7,954 2,200 150 4,900 495 LIABILITIES Accounts Payable Notes Payable 350 $1,400 5,000 SHAREHOLDERS' EQUITY Common Shares Retained Earnings 2,000 5,905 1,000 554 Total Liabilities and Sharesholders' Equity $8,255 $7,954