Here is financial information for Spangles Inc.

December 31, 2014 December 31, 2013 Current assets $106,000 $ 90,000 Plant assets (net) 400,000 350,000 Current liabilities 99,000 65,000 Long-term liabilities 122,000 90,000 Common stock, $1 par 130,000 115,000 Retained earnings 155,000 170,000 Instructions Prepare a schedule showing a horizontal analysis for 2014, using 2013 as the base year.

AppendixLO1