Prepare a variance (horizontal) analysis for Manulife Insurance for the three most current years for each of the financial statements listed below. Provide an explanation for significant variances in the financial statement line items. Do not select totals / subtotals eg. total assets, total liabilities, net income, etc). For each statement, a minimum of 2-3 line items should be supported by an explanation, but not less than 5 in total.
A. Balance Sheet
B. Income Statement.