Data for Gobell,Inc.follow:
$Data for Gobell,Inc.follow: Assets Current Assets: \text {Gobell, Inc.} \text {Comparative Balance Sheet} \text {December 31,2019 and 2018} \begin{array} { l l l } &2019&2018\\ \text { Cash } & \$ 121,000 & \$ 100,000 \\ \text { Accounts Receivables, Net } & 117,000 & 125,000 \\ \text { Merchandise Inventory } & 70,000 & \$ 5,000 \\ \text { Total Assets } & \$ 30 \mathrm {~B} , 000 & \$ 310,000 \end{array} Liabilities \begin{array} { l l l } \text { Total Current Liabilities } & \$ 63,500 & \$ 50,000 \\ \text { Long-term Liabilities } & \underline { 100,000 } & \underline { 100,000 } \\ \text { Total Liabilities } & \underline { 163,500 } & \underline { 150,000 } \end{array} Stockholders' Equity \begin{array}{lll} \text { Preferred Stock } & 94,500 & 110,000 \\ \text { Common Stockholders' Equity } & \underline{50,000} & \underline{50,000} \\ \text { Total Liabilities and Stockholders' Equity } & \underline{\$ 308,000} & \underline{\$ 310,000} \end{array} Prepare a horizontal analysis of the comparative balance sheet of Gobell,Inc.(Round to one decimal place.)$ Assets
Current Assets:

\text {Gobell, Inc.}

\text {Comparative Balance Sheet}

\text {December 31,2019 and 2018}

\begin{array} { l l l } &2019&2018\\\text { Cash } & \$ 121,000 & \$ 100,000 \\\text { Accounts Receivables, Net } & 117,000 & 125,000 \\\text { Merchandise Inventory } & 70,000 & \$ 5,000 \\\text { Total Assets } & \$ 30 \mathrm {~B} , 000 & \$ 310,000\end{array}

Liabilities

\begin{array} { l l l } \text { Total Current Liabilities } & \$ 63,500 & \$ 50,000 \\\text { Long-term Liabilities } & \underline { 100,000 } & \underline { 100,000 } \\\text { Total Liabilities } & \underline { 163,500 } & \underline { 150,000 }\end{array}

Stockholders' Equity

\begin{array}{lll}\text { Preferred Stock } & 94,500 & 110,000 \\\text { Common Stockholders' Equity } & \underline{50,000} & \underline{50,000} \\\text { Total Liabilities and Stockholders' Equity } & \underline{\$ 308,000} & \underline{\$ 310,000}\end{array}

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

The Net Income of a Company for the Year Was

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