Data for Michelle,Inc.follow:
$Data for Michelle,Inc.follow: Assets Current Assets: \begin{array}{c} \text { Michelle, Inc.}\\ \text { Comparative Balance Sheet}\\ \text { December 31, 2019 and 2018}\\\begin{array}{lll} &2019&2018\\ \text { Cash } & \$ 12,000 & \$ 10,200 \\ \text { Accounts Receivable, Net } & 16,100 & 16,800 \\ \text { Merchandise Inventory } & 45,000 & 31,000 \\ \text { Prepaid Expenses } & \underline{6,500} & \underline{3,900} \\ \text { Total Current Assets } & 79,600 & 61,900 \\ \text { Property, Plant, and Equipment, Net } & \underline{265,000} & \underline{233,000} \\ \text { Total Assets } & \$ 344,600 & \$ 294,900 \end{array}\end{array} Liabilities \begin{array}{lll} \text { Total Current Liabilities } & \$ 9,900 & \$ 11,200 \\ \text { Long-term Liabilities } & \underline{60,000} & \underline{50,000} \\ \text { Total Liabilities } & \underline{69,900} & 61,200 \end{array} Stockholders' Equity \begin{array} { l l l } \text { Preferred Stock, 3\%, } \$ 50 \text { par } & 75,000 & 75,000 \\ \text { Common Stockholders' Equity, no par } & \underline { 199,700 } & 1 58, 700 \\ \text { Total Liabilities and Stockholders' Equity } & \$344,600 & \$ 294,900 \end{array} Prepare a horizontal analysis of the comparative balance sheet of Michelle,Inc.(Round to one decimal place.)$ Assets
Current Assets:

\begin{array}{c}\text { Michelle, Inc.}\\\text { Comparative Balance Sheet}\\\text { December 31, 2019 and 2018}\\\begin{array}{lll}&2019&2018\\\text { Cash } & \$ 12,000 & \$ 10,200 \\\text { Accounts Receivable, Net } & 16,100 & 16,800 \\\text { Merchandise Inventory } & 45,000 & 31,000 \\\text { Prepaid Expenses } & \underline{6,500} & \underline{3,900} \\\text { Total Current Assets } & 79,600 & 61,900 \\\text { Property, Plant, and Equipment, Net } & \underline{265,000} & \underline{233,000} \\\text { Total Assets } & \$ 344,600 & \$ 294,900\end{array}\end{array}

Liabilities

\begin{array}{lll}\text { Total Current Liabilities } & \$ 9,900 & \$ 11,200 \\\text { Long-term Liabilities } & \underline{60,000} & \underline{50,000} \\\text { Total Liabilities } & \underline{69,900} & 61,200\end{array}

Stockholders' Equity

\begin{array} { l l l } \text { Preferred Stock, 3\%, } \$ 50 \text { par } & 75,000 & 75,000 \\\text { Common Stockholders' Equity, no par } & \underline { 199,700 } & 1 58, 700 \\\text { Total Liabilities and Stockholders' Equity } & \$344,600 & \$ 294,900\end{array}

Prepare a horizontal analysis of the comparative balance sheet of Michelle,Inc.(Round to one decimal place.)

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