The Stair Company sells computer parts through a retail store that it operates. The firms comparative income statement and balance sheet for the years 2019 and 2018 are shown below.

Required:

1. 1-b. Complete both a horizontal and a vertical analysis of comparative balance sheet for the years 2019 and 2018.

Complete both a horizontal and a vertical analysis of comparative balance sheet for the years 2019 and 2018. (Round your percentage answers to 1 decimal place. i.e., 0.123 should be entered as 12.3. Negative amounts should be indicated by a minus sign.)

The Stair Company Comparative Balance Sheet For Years Ended December 31, 2019 and 2018 Amounts Percent of total assets Increase or (Decrease) Account name 2019 2018 2019 2018 Amount Percent Assets Current Assets Cash 125,400 60,000 % % % Accounts Receivable 111,500 102,000 % % % Merchandise Inventory 91,800 90,000 % % % Prepaid Expenses 9,700 7,000 % % % Supplies 2,100 1,000 % % % Total Current Assets 340,500 260,000 % % $0 % Property, Plant, and Equipment Land 90,000 90,000 % % % Building and Equipment 97,000 97,000 % % % Less Accumulated Depreciation (36,000) (27,000) % % % Net Book ValueBuilding and Equipment 61,000 70,000 % % % Total Property, Plant, and Equipment 151,000 160,000 % % % Total Assets 491,500 420,000 % % $0 % Liabilities and Stockholders Equity Current Liabilities Accounts Payable 43,500 72,000 % % % Sales Tax Payable 2,500 6,000 % % % Payroll Taxes Payable 2,600 2,300 % % % Income Taxes Payable 2,500 6,000 % % % Total Current Liabilities 51,100 86,300 % % $0 % Long-Term Liabilities Mortgage Payable 55,500 60,000 % % % Total Long-Term Liabilities 55,500 60,000 % % % Total Liabilities 106,600 146,300 % % $0 % Stockholders Equity Common Stock ($1 par, 10,000 shares authorized; 10,000 shares issued and outstanding) 10,000 10,000 % % % Paid-in CapitalCommon Stock 10,000 10,000 % % % Retained Earnings 364,900 253,700 % % % Total Stockholders Equity 384,900 273,700 % % $0 % Total Liabilities and Stockholders Equity 491,500 420,000 % % $0 %