Exercise 13-03 Here is financial information for Kingbird, Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2022 December 31, 2021 $109,400 $ 92,200 402,200 353,400 101,200 68,400 125,400 92,200 133,400 118,400 151,600 166,600 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%.) KINGBIRD, INC. Condensed Balance Sheet December 31 Increase or (Decrease) Amount Percentage 2022 2021 Assets Current Assets $109,400 $92,200 Plant assets (net) 402,200 353,400 Total assets $511,600 $445,600 Liabilities Current Liabilities $101,200 $68,400 Long-term liabilities 125,400 92,200 Total liabilities $226,600 $160,600 Stockholders' Equity Common stock, $1 par 133,400 118,400 Common stock, $1 par 133,400 118,400 Retained earnings 151,600 166,600 Total stockholders' equity 285,000 285,000 Total liabilities and stockholders' equity $511,600 $445,600 Click if you would like to Show Work for this question: Open Show Work