Here is financial information for Sage Hill Inc..

		December 31, 2020		December 31, 2019
Current assets		$96,514		$ 82,000
Plant assets (net)		379,620		333,000
Current liabilities		108,330		69,000
Long-term liabilities		109,804		88,000
Common stock, $1 par		143,891		127,000
Retained earnings		114,109		131,000

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%.)

SAGE HILL INC. Condensed Balance Sheet December 31
							Increase or (Decrease)
		2020		2019			Amount		Percentage
Assets
Current Assets		$96,514		$82,000			$			%
Plant assets (net)		379,620		333,000						%
Total assets		$476,134		$415,000			$			%
Liabilities
Current Liabilities		$108,330		$69,000			$			%
Long-term liabilities		109,804		88,000						%
Total liabilities		$218,134		$157,000			$			%
Stockholders Equity
Common stock, $1 par		143,891		127,000						%
Retained earnings		114,109		131,000						%
Total stockholders equity		258,000		258,000						%
Total liabilities and stockholders equity		$476,134		$415,000			$			%

Exercise 13-03 (Video) Here is financial information for Sage Hill Inc.. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, 51 par Retained earnings December 31, 2020 $96,514 379,620 108,330 109,804 143,891 114,109 December 31, 2019 $ 82,000 333,000 69,000 88,000 127,000 131,000 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%.) SAGE HILL INC. Condensed Balance Sheet December 31 Increase or (Decrease) 2020 2019 Amount Percentage Assets Current Assets $96,514 $82,000 % S Plant assets (net) 379,620 333,000 9 Total assets $476,134 $415,000 S Liabilities Current Liabilities $108,330 $69,000 % $ Long-term liabilities 109,804 88,000 % Total liabilities $218,134 $157,000 % Stockholders' Equity Common stock, 51 par 143,891 127,000 % Retained earnings 114,109 131,000 % Total stockholders' equity 258,000 258,000 % Total liabilities and stockholders' equity $476,134 $415,000 % S Click if you would like to Show Work for this question: Open Show Work Exercise 13-04 (Video) Operating data for Pronghorn Corp are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $750,000 505,500 105,000 54,000 25,500 60,000 2019 $620,000 435,240 81,840 50,220 26,040 26,660 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round percentages to 1 decimal place, e.g. 12.1%.) PRONGHORN CORP Condensed Income Statement 2020 2019 Amount Percent Amount Percent Sales $750,000 % 5620,000 Cost of goods sold 505,500 % 435,240 Gross profit 244,500 % 184,760 % Selling expenses 105,000 % 81,840 Administrative expenses 54,000 % 50,220 % Total operating expenses 159,000 132,060 % Income before income taxes 85,500 % 52,700 Income tax expense 25,500 % 26,040 Net income $ 60,000 % $ 26,660 Click if you would like to Show Work for this question: Open Show Work