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Here is financial information for Sunland Inc. December 31, 2022 December 31, 2021 Current assets $124,600 $100,000 Plant assets (net) 394,272 333,000 Current liabilities

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Here is financial information for Sunland Inc. December 31, 2022 December 31, 2021 Current assets $124,600 $100,000 Plant assets (net) 394,272 333,000 Current liabilities 89,568 72,000 Long-term liabilities 127,977 87,000 Common stock, $1 par 166,656 112,000 Retained earnings 134,671 162,000 Prepare a schedule showing a horizontal analysis for 2022, using 2021 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%.) SUNLAND INC. Condensed Balance Sheets December 31 Assets Current assets 2022 2021 $124,600 $100,000 Increase or (Decrease) Amount Percentage 24600 24.6 % Plant assets (net) 394,272 333,000 61272 18.4 % Total assets $518,872 $433,000 85872 19.8 % Liabilities Current liabilities $89,568 $72,000 17568 17.8 % Long-term liabilities 127,977 87,000 45675 52.5 % 217,545 159,000 58669 36.7 % Total liabilities Stockholders' Equity Common stock, $1 par 166,656 112,000 51750 45.0 % Retained earnings 134,671 162,000 -24747 -15.7 % Total stockholders' 301,327 274,000 27003 9.9 % equity Total liabilities and $518,872 $433,000 85672 19.8 % stockholders' equity eTextbook and Media Save for Later Attempts: 1 of 2 used Submit Answer

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