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:
Color Blindness
A visual impairment where an individual has difficulty distinguishing between certain colors, often red and green.
Color Deficiency
A condition where an individual's perception of colors is different from what most people see, commonly referred to as color blindness.
Total Color Blindness
A rare vision condition where an individual cannot perceive any color at all, seeing only shades of gray.
Gestalt
A psychological approach emphasizing the holistic and innate patterns of organization in perception and problem-solving, rather than focusing on individual components.
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