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Here is financial information for Teal Mountain Inc.. December 31, 2019 December 31, 2018 Current assets $116,718 $ 98,000 Plant assets (net) 439,660 380,000 Current

Here is financial information for Teal Mountain Inc.. December 31, 2019 December 31, 2018 Current assets $116,718 $ 98,000 Plant assets (net) 439,660 380,000 Current liabilities 108,123 69,000 Long-term liabilities 124,255 85,000 Common stock, $1 par 133,340 118,000 Retained earnings 190,660 206,000 Prepare a schedule showing a horizontal analysis for 2019, using 2018 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 Increase or (Decrease) 2019 2018 Amount Percentage Assets Current Assets $116,718 $98,000 $enter a dollar amount enter percentages rounded to 1 decimal place % Plant assets (net) 439,660 380,000 enter a dollar amount enter percentages rounded to 1 decimal place % Total assets $556,378 $478,000 $enter a dollar amount enter percentages rounded to 1 decimal place % Liabilities Current Liabilities $108,123 $69,000 $enter a dollar amount enter percentages rounded to 1 decimal place % Long-term liabilities 124,255 85,000 enter a dollar amount enter percentages rounded to 1 decimal place % Total liabilities $232,378 $154,000 $enter a dollar amount enter percentages rounded to 1 decimal place % Stockholders Equity Common stock, $1 par 133,340 118,000 enter a dollar amount enter percentages rounded to 1 decimal place % Retained earnings 190,660 206,000 enter a dollar amount enter percentages rounded to 1 decimal place % Total stockholders equity 324,000 324,000 enter a dollar amount enter percentages rounded to 1 decimal place % Total liabilities and stockholders equity $556,378 $478,000 $enter a dollar amount enter percentages rounded to 1 decimal place %

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