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Exercise 18-03 (Video) rGlitter Inc Here is financial information December 31, 2020 December 31, 2019 $100.000 Current assets $123,000 Plant assets (ne:) 395.214 331,000 Current

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Exercise 18-03 (Video) rGlitter Inc Here is financial information December 31, 2020 December 31, 2019 $100.000 Current assets $123,000 Plant assets (ne:) 395.214 331,000 Current liabilities 88.134 74.000 Long-term liabilities 136,840 88,000 cck, $1 par 177 714 151 000 e base year (Enter negative amounts and percentaqes using either a neqative sign preceding the number e.q. -45, -45% r parentheses e.g. (45), (45%). Round cntasec todeaie ces for 2020, using 2019 as t GLITTER INC Condensed Balance Sheets December 31 Increase or (Decrease) 2020 2019 Amount Percentage Assets Current assets $123,000 $100,000 Plant assets (net) 395.214 331.000 Total assets $518.214 $431,000 Liabilities Current liabilities $88,134 $74,000 Long-term liabilities 88.000 136,840 Total liabilities 224,974 162,000 9% Stockholders' Equity Common stock, $1 par 166.026 118.000 Retained earnings 127.214 151,000 Total stockholders' equity 293.240 269.000 Total liabilities and stockholders' equity $518,214 $431,000

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