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Here is financial information for Teal Mountain Inc. December 31, 2022 December 31, 2021 Current assets $110,916 $94,800 Plant assets (net) 404,295 354,800 Current liabilities
Here is financial information for Teal Mountain Inc. December 31, 2022 December 31, 2021 Current assets $110,916 $94,800 Plant assets (net) 404,295 354,800 Current liabilities 103,653 69,800 Long-term liabilities 126,558 94,800 Common stock, $1 par 136,619 119,800 Retained earnings 148,381 165,200 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%.)
Here is financial information for Teal Mountain Inc. 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%.) TEAL MOUNTAIN INC. Condensed Balance Sheet December 31 \begin{tabular}{|c|c|c|c|c|c|c|} \hline & & & \multicolumn{4}{|c|}{ Increase or (Decrease) } \\ \hline & 2022 & 2021 & & Amount & Percentage & \\ \hline \multicolumn{7}{|l|}{ Assets } \\ \hline Current Assets & $110,916 & $94,800 & $ & & & % \\ \hline Plant assets (net) & 404,295 & 354,800 & & & & % \\ \hline Total assets & $515,211 & $449,600 & $ & & & % \\ \hline \multicolumn{7}{|l|}{ Liabilities } \\ \hline Current Liabilities & $103,653 & $69,800 & $ & & & % \\ \hline Long-term liabilities & 126,558 & 94,800 & & & & % \\ \hline Total liabilities & $230,211 & $164,600 & $ & & & % \\ \hline \multicolumn{7}{|l|}{ Stockholders' Equity } \\ \hline Common stock, \$1 par & 136,619 & 119,800 & & & & % \\ \hline Retained earnings & 148,381 & 165,200 & & & & % \\ \hline Total stockholders' equity & 285,000 & 285,000 & & & & % \\ \hline \begin{tabular}{l} Total liabilities and \\ stockholders' equity \end{tabular} & $515,211 & $449,600 & $ & & & % \\ \hline \end{tabular}Step by Step Solution
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