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Here is financial information for Coronado Inc. December 31, 2022 December 31, 2021 Current assets $124,400 $100,000 Plant assets (net) 394,938 333,000 Current liabilities 86,590

Here is financial information for Coronado Inc.

December 31, 2022

December 31, 2021

Current assets

$124,400 $100,000

Plant assets (net)

394,938 333,000

Current liabilities

86,590 70,000

Long-term liabilities

137,686 86,000

Common stock, $1 par

165,984 114,000

Retained earnings

129,078 163,000

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%.)

CORONADO INC. Condensed Balance Sheets December 31

Increase or (Decrease)

2022

2021

Amount

Percentage

Assets

Current assets

$124,400

$100,000

Plant assets (net)

394,938 333,000

Total assets

$519,338 $433,000

Liabilities

Current liabilities

$86,590

$70,000

Long-term liabilities

137,686 86,000

Total liabilities

224,276 156,000

Stockholders' Equity

Common stock, $1 par

165,984

114,000

Retained earnings

129,078 163,000

Total stockholders' equity

295,062 277,000

Total liabilities and stockholders' equity

$519,338 $433,000

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