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Here is financial information for Blossom Inc. December 31, 2022 December 31, 2021 Current assets $122,000 $100,000 Plant assets (net) 393,900 325,000 Current liabilities 117,890
Here is financial information for Blossom Inc. December 31, 2022 December 31, 2021 Current assets $122,000 $100,000 Plant assets (net) 393,900 325,000 Current liabilities 117,890 70,000 Long-term liabilities 128,010 85,000 Common stock, $1 par 124,300 110,000 Retained earnings 145,700 160,000 Prepare a schedule showing a horizontal analysis for 2022, using 2021 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%.) BLOSSOM INC. Condensed Balance Sheets Increase or (Decrease) 2022 2021 Amount Percentage Assets Current assets $122,000 $100,000 % Plant assets (net) 393,900 325,000 % $515,900 $425,000 $ % Total assets Liabilities Current liabilities $117,890 $70,000 $ % Long-term liabilities 128,010 85,000 % Total liabilities 245,900 155,000 % Stockholders' Equity Common stock, $1 par 124,300 110,000 % Retained earnings 145,700 160,000 % Total stockholders' equity 270,000 270,000 % Total liabilities and stockholders' equity $515,900 $425,000 %
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