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Date Problem 3- Prepare a horizontal analysis of the following of the following comparative balance...

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Date Problem 3- Prepare a horizontal analysis of the following of the following comparative balance sheets of BCC Enterprises. Round percentage changes to the nearest one decimal place. Include proper column headings. Place your answers in the space provided. Bronx CC Enterprises Comparative Balance Sheets December 31, 2020 and 2019 Assets 2020 2019 Cash 21,000 54,000 Accounts receivable (net) 421,000 480,000 Inventory 310,000 340,000 Prepaid expenses 17,000 15,000 Investments 70,000 80,000 Land 400,000 300,000 Equipment 1,730,000 1,590,000 Accumulated depreciation-equipment (610,000) (600,000) Patent 40,000 50,000 Total assets $2399,000 $ 2,309,000 Liabilities Accounts payable $ 328,000 335,000 Accrued liabilities 171,000 170,000 Income taxes payable 22,000 34,000 Bonds payable 410,000 700,000 Long-term note payable 130.000 Total liabilities $ 1,239,000 $1,061,000 Stockholders' Equity Common stock 800,000 600,000 Additional paid-in capital 152,000 152,000 Retained earnings 386,000 318,000 1.338.000 Total stockholders' equity 1,070,000 $ 2,140,000 $2,399,000 Total liabilities and stockholders' equity

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