Exercise 18-03 (Video) Here is financial information for Glitter Inc. December 31, 2020 $124,600 395,010 88,111 135,198 166,838 129,463 December 31, 2019 $100,000 330,000 73,000 87,000 119,000 151,000 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings 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 1 decimal place, e.g. 12.3%.) GLITTER INC. Condensed Balance Sheets December 31 Increase or (Decrease) 2020 2019 Amount Percentage Assets Current assets $124,600 $100,000 Plant assets (net) 395,010 330,000 $519,610 $430,000 Total assets Liabilities Current liabilities $88,111 $73,000 Long-term liabilities 135,198 87,000 Total liabilities Stockholders' Equity Common stock, $1 par Retained earnings 223,309 160,000 166,838 119,000 129,463151,000 Total stockholders' equty 296,301270,000 Total liabilities and stockholders' equity $519,610 $430,000 Click if you would like to Show Work for this question: Open Show Work