The financial statements for Jane’s Shoes, Inc., appear shown below: Required: 1. Prepare common

The financial statements for Jane’s Shoes, Inc., appear shown below: Required: 1. Prepare common income statements to be used for horizontal analysis for Jane’s Shoes for 2007 to 2009. 2. Indicate why Jane’s net income increased between 2007 and 2009. 3. Prepare common size balance sheets to be used for vertical analysis for 2009 and 2008. 4. Indicate whether the proportion of dollars invested in the various categories of assets has changed significantly between 2008 and 2009. 5. Indicate whether the proportion of capital raised from the various liability categories and common shareholders’ equity has changed significantly between 2008 and 2009. 6. Describe Jane’s performance and financialposition.