Exercise 14-3 (Video) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings $123,000 395,300 89,279 130,592 166,959 131,470 $100,000 335,000 73,000 88,000 117,000 157,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to decimal place, e.g. 12.3%.) GLITTER INC. Condensed Balance Sheets December 31 Increase or (Decrease) Amount Percentage 2020 2019 Assets Current assets $123,000 $100,000 Plant assets (net) 395,300 335,000 Total assets $518,300 $435,000 Liabilities Current liabilities $89,279 $73,000 Long-term liabilities 130,592 88,000 Total liabilities 219,871 161,000 Stockholders' Equity Common stock, $1 par 166,959 117,000 Retained earnings 131,470 157,000 Total stockholders' equity 298,429 274,000 Total liabilities and stockholders' equity $518,300 $435,000 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: SIMILAR EXERCISE By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWE % Earn Maximum Points available only if you answer this question correctly in your first attempt