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Here is financial information for Glitter Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2020
Here is financial information for Glitter Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2020 $124,200 394,362 87.764 135,020 166,432 129,346 December 31, 2019 $100,000 327,000 74,000 86,000 112,000 155,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 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%.) GLITTER INC. Condensed Balance Sheets December 31 Increase or (Decrease) 2019 Amount Percentage 2020 Assets Current assets $124,200 $100,000 $ % Plant assets (net) 394,362 327,000 % Total assets $518,562 $427,000 $ % Liabilities Current liabilities $87,764 $74,000 $ % Long-term liabilities 135,020 86,000 % Total liabilities 222,784 160,000 % Stockholders' Equity Common stock, $1 par 166,432 112,000 % Retained earni 129,346 155,000 % 295,778 267,000 % Total stockholders' equity Total liabilities and stockholders' equity $518,562 $427,000 $ %
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