The balance sheet data below for Randolph Company for two recent years. 
(a)Using horizontal analysis, show the percentage change for each balance sheet item using Year 1 as a base year.
(b)Using vertical analysis, prepare a comparative balance sheet.Round percentages to one decimal place.
Definitions:
Public Official
An individual holding a position of authority in the government and responsible for serving the public interest.
Presumed Damages
Damages assumed by law to have occurred from a wrongful act, without the need for proof of loss or injury.
Actual Injury
A tangible harm or damage that an individual suffers, which can be physical or financial in nature.
Absolute Privilege
A complete defense in defamation cases, where certain acts cannot be sued for defamation irrespective of the intent or truthfulness, typically seen in parliamentary and judicial proceedings.
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