Prepare a horizontal analysis by computing the amounts and percentage changes for the following balance sheet items; place your answers in the blanks provided.

Transcribed Image Text:

20x6 20x5 Amount Percentage Assets $ 5,000 $6,500 Current assets Property, plant, and equipment 22,000 25,000 $28,500 $30,000 Total assets Liabilities and Stockholders' Equity S 5,500 Liabilities $10,000 Stockholders' equity 20,000 23,000 Total liabilities and stockholders' equity $28,500 $30,000