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Here is financial information for Metlock, Inc. December 31, 2022 December 31, 2021 Current assets $110,200 $93,900 Plant assets (net) 403,900 354,200 Current liabilities 102,900
Here is financial information for Metlock, Inc. December 31, 2022 December 31, 2021 Current assets $110,200 $93,900 Plant assets (net) 403,900 354,200 Current liabilities 102,900 69,200 Long-term liabilities 126,200 93,900 Common stock, $1 par 134,200 119,200 Retained earnings 150,800 165,800 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) 2022 2021 Amount Percentage Assets % Current Assets $110,200 $93,900 % Plant assets (net) 403,900 354,200 % Total assets $514,100 $448,100 Liabilities % Current Liabilities $102,900 $69,200 % Long-term liabilities 126,200 93,900 % $229,100 Total liabilities $ $163,100 Stockholders' Equity Stockholders' Equity Common stock, $1 par 134,200 119,200 % Retained earnings 150,800 165,800 % Total stockholders' equity 285,000 285,000 % Total liabilities and stockholders' equity $514,100 $448,100 $ %
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