Here is financial information for Glitter Inc.

December 31, 2020

December 31, 2019

Current assets$123,000$100,000Plant assets (net)394,471329,000Current liabilities88,43074,000Long-term liabilities128,14086,000Common stock, $1 par166,600119,000Retained earnings134,301150,000

Create 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)

2020

2019

Amount

Percentage

Assets

Current assets

$123,000

$100,000

$

%

Plant assets (net)

394,471329,000

%

Total assets

$517,471$429,000$

%

Liabilities

Current liabilities

$88,430

$74,000

$

%

Long-term liabilities

128,14086,000

%

Total liabilities

216,570160,000

%

Stockholders' Equity

Common stock, $1 par

166,600

119,000

%

Retained earnings

134,301150,000

%

Total stockholders' equity

300,901269,000

%

Total liabilities and stockholders' equity

$517,471$429,000$

%