Financial information for Teal Mountain Inc. is presented below. December 31, 2022 December 31, 2021 Current...
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Financial information for Teal Mountain Inc. is presented below. December 31, 2022 December 31, 2021 Current assets $203,000 $152,000 Plant assets (net) 461,000 402,000 Current liabilities 105,500 96,000 Long-term liabilities 196,500 121,000 Common stock, $1 par 190,500 141,000 Retained earnings 171,500 196,000 Prepare a schedule showing a horizontal analysis for 2022 using 2021 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) Assets Current assets TEAL MOUNTAIN INC. Condensed Balance Sheets December 31 2022 2021 $203,000 $152,000 $ Plant assets (net) 461,000 402,000 Total assets $664,000 $554,000 $ .iabilities Current liabilities $105,500 $96,000 $ Long-term liabilities 196,500 121,000 Total liabilities $302,000 $217,000 $ Stockholders' Equity Common stock, $1 par 190,500 141,000 Retained earnings 171,500 196,000 Total stockholders' equity 362,000 337,000 $ Total liabilities and stockholders' equity $664,000 $554,000 Increase or (Decrease) Amount Percentage Financial information for Teal Mountain Inc. is presented below. December 31, 2022 December 31, 2021 Current assets $203,000 $152,000 Plant assets (net) 461,000 402,000 Current liabilities 105,500 96,000 Long-term liabilities 196,500 121,000 Common stock, $1 par 190,500 141,000 Retained earnings 171,500 196,000 Prepare a schedule showing a horizontal analysis for 2022 using 2021 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) Assets Current assets TEAL MOUNTAIN INC. Condensed Balance Sheets December 31 2022 2021 $203,000 $152,000 $ Plant assets (net) 461,000 402,000 Total assets $664,000 $554,000 $ .iabilities Current liabilities $105,500 $96,000 $ Long-term liabilities 196,500 121,000 Total liabilities $302,000 $217,000 $ Stockholders' Equity Common stock, $1 par 190,500 141,000 Retained earnings 171,500 196,000 Total stockholders' equity 362,000 337,000 $ Total liabilities and stockholders' equity $664,000 $554,000 Increase or (Decrease) Amount Percentage
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