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h Here is financial information for Marin Inc.. December 31, 2019 December 31, 2018 Current assets $106,266 $ 89,000 Plant assets (net) 409,680 360,000 Current
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Here is financial information for Marin Inc.. December 31, 2019 December 31, 2018 Current assets $106,266 $ 89,000 Plant assets (net) 409,680 360,000 Current liabilities 107,450 70,000 Long-term liabilities 113,496 84,000 Common stock, $1 par 133,104 118,000 Retained earnings 161,896 177,000 Prepare a schedule showing a horizontal analysis for 2019, using 2018 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g.-55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) MARIN INC. Condensed Balance Sheet December 31 Increase or (Decrease) 2019 2018 Amount Percentage Assets Current Assets $106,266 $89,000 $ Plant assets (net) 409,680 360,000 Total assets $515,946 $449,000 $ Liabilities Current Liabilities $107,450 $70,000 $ Long-term liabilities 113,496 84,000 Total liabilities $220,946 $154,000 $ Stockholders' Equity Common stock, $1 par 133,104 118,000 Retained earnings 161,896 177,000 Total stockholders' equity 295,000 295,000 Total liabilities and stockholders' equity $515,946 $449,000 $Step by Step Solution
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