PLEASE ANSWER IT ASAP and CORRECTLY for an upvote. Thank you.
Extracted text: Kiara Merchandising Statement of Finandal Position For the Years Ended December 31 Vertical Horizontal Analy sis Percentage of Analysis Increase Increase (Decrease) 2019 P575,000.00 P360,000.00 40,000.00 Assets 2018 (Decrease) Cash in bank Accounts Receivable 65,000.00 Inventories 78,500.00 11,000.00 53,000.00 9,000.00 Supplies Furniture and Fixtures 100,000.00 70,000.00 100,000.00 45,000.00 Catering Equipment Accumulated Depreciation - Catering Equip Total Assets (11,200.00) P863,300.00 P624,500.00 (7,500.00) Liabilities and Owner's Equity P89,700.00 P50,000.00 Accounts Payable Utilities Payable Salaries Payable Corpuz, Capital Total Liabilties and Owner's Equity 15,000.00 20,000.00 30,000.00 728,600.00 P863.300.00 P624,500.00 15,000.00 539,500.00 Kiara Merchandising Statement of Comprehensive Income For the Years Ended December 31 Vertical Horizontal Analy sis Percentage of Analysis Increase Increase 2019 2018 (Decrease) (Decrease) Sales Less Cost of Goods Sold Gross profit Less Operating Expenses Net income before tax Income Tax Net Income 710,000.00 345,670.00 364,330.00 88,235.00 276,095.00 852,000.00 298,470.00 553,530.00 123.450.00 430,080.00 60,000.00 370,080.00 30,000.00 246,095.00