Exercise 13-03 (Video) Here is financial information for Metlock, Inc.. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2020 $99,450 400,928 101,237 110,141 127,344 161,656 December 31, 2019 $ 85,000 352,000 67,000 81,000 112,000 177,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as t -20% or (55,000), (20%). Round percentages to 1 decimal place, e METLOCK, INC. Condensed Balance Sheet December 31 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (If amount and percentage are a decrease show -20% or (55,000). (20%). Round percentages to 1 decimal place, e.g. 12.1%.) METLOCK, INC. Condensed Balance Sheet December 31 Increase or (Decrease) 2020 2019 Amount Percentage Assets Current Assets $99,450 $85,000 % Plant assets (net) 400,928 352,000 Total assets $500,378 $437,000 Liabilities Current Liabilities $101,237 $67,000 % $ Long-term liabilities 110,141 81,000 % $211,378 $148,000 Total liabilities Stockholders' Equity Common stock, $1 par 127,344 112,000 96 161,656 177,000 9 Retained earnings Total stockholders' equity 289,000 289,000 996 $500,378 Total liabilities and stockholders' equity $437,000 96