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Here is financial information for Metlock, Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2022
Here is financial information for Metlock, Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2022 $110,600 404,400 103,400 126,600 134,600 150,400 December 31, 2021 $ 94,400 354,600 69,600 94,400 119,600 165,400 Prepare a schedule showing a horizontal analysis for 2022, using 2021 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%.) METLOCK, INC. Condensed Balance Sheet December 31 Increase or (Decrease) 2021 Amount Percentage 2022 Assets Current Assets $110,600 $94,400 % Plant assets (net) 404,400 354,600 % $515,000 $449,000 $ % $103,400 $69,600 $ % Total assets Liabilities Current Liabilities Long-term liabilities Total liabilities Stockholders' Equity Common stock, $1 par 126,600 94,400 % $230,000 $164,000 % 134,600 119,600 % Retained earnings 150,400 165,400 % 285,000 285,000 % Total stockholders' equity Total liabilities and stockholders' equity $515,000 $449,000 $ %
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