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Here is financial information for Kingbird, 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 Kingbird, Inc.. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2020 December 31, 2019 $98,952 $ 84,000 396,115 349,000 107,568 72,000 107,499 81,000 141,608 124,000 138,392 156,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 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%.) KINGBIRD, INC. Condensed Balance Sheet December 31 Increase or (Decrease) 2020 2019 Amount Percentage Assets Current Assets $98,952 $84,000 $ % Plant assets (net) 396,115 349,000 % Total assets $495,067 $433,000 $ % Liabilities Current Liabilities $107,568 $72,000 % Long-term liabilities 107,499 81,000 % Total liabilities $215,067 $153,000 $ % Stockholders' Equity Common stock, $1 par 141,608 124,000 % Retained earnings 138,392 156,000 % Total stockholders' equity 280,000 280,000 % Total liabilities and stockholders' equity $495,067 $433,000 $ %
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