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Here is financial information for Tamarisk, Inc. December 31, 2022 December 31, 2021 Current assets $103,443 $87,000 Plant assets (net) 407,100 354,000 Current liabilities 100,100
Here is financial information for Tamarisk, Inc. December 31, 2022 December 31, 2021 Current assets $103,443 $87,000 Plant assets (net) 407,100 354,000 Current liabilities 100,100 65,000 Long-term liabilities 129,443 95,000 Common stock, $1 par 140,368 124,000 Retained earnings 140,632 157,000 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%.) Assets Current Assets 2022 2021 $103,443 $87,000 TAMARISK, INC. Condensed Balance Sheet December 31 Increase or (Decrease) Amount Percentage % Plant assets 407,100 354,000 (net) % Total assets $510,543 $441,000 $ 96 Liabilities Current $100,100 $65,000 $ Liabilities % Long-term liabilities 129,443 95,000 Total $229,543 $160,000 % liabilities Stockholders' Equity Common 140,368 124,000 stock, SI par Retained 140,632 157,000 earnings Total stockholders' 281,000 281,000 % equity Total liabilities and $510,543 $441,000 stockholders' equity
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