Exercise 18-03 (Video) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $122,400 $100,000 Plant assets (net) 394,965 335,000 Current liabilities 89,600 70,000 Long-term liabilities 128,934 87,000 Common stock, $1 par 165,945 111,000 Retained earnings 132,886 167,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using eit 12.396.) GLITTER INC. Condensed Balance Sheets December 31 2020 2019 Increase or (Decrease) Amount Percentage Assets Current assets $122,400 $100,000 Plant assets (net) 394,965 335,000 Total assets $517,365 $435,000 Liabilities Current liabilities $89,600 $70,000 Long-term liabilities 128,934 87,000 218,534 157,000 Total liabilities Stockholders' Equity Common stock, $1 par 165,945 111,000 Retained earnings 132,886 167,000 Total stockholders' equity 298,831 278,000 Total liabilities and stockholders' equity $517,365 $435,000 Click if you would like to show Work for this question: Open Show Work