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Here is financial information for Vaughn Inc. December 31, 2022 December 31, 2021 Current assets $124,600 $100,000 Plant assets (net) 395,010 330,000 Current liabilities 88,111

Here is financial information for Vaughn Inc. December 31, 2022 December 31, 2021 Current assets $124,600 $100,000 Plant assets (net) 395,010 330,000 Current liabilities 88,111 73,000 Long-term liabilities 135,198 87,000 Common stock, $1 par 166,838 119,000 Retained earnings 129,463 151,000 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%.) VAUGHN INC. Condensed Balance Sheets Assets Current assets December 31 2022 2021 $124,600 $100,000 $ Plant assets (net) 395,010 330,000 Total assets $519,610 $430,000 $ Increase or (Decrease) Amount Percentage % % % Liabilities Current liabilities $88,111 $73,000 $ % Ac Long-term liabilities 135,198 87,000 % Go Total liabilities 223,309 160,000 % Stockholders' Equity Common stock, $1 par 166,838 119,000 do % Retained earnings 129,463 151,000 do % Total stockholders' equity 296,301 270,000 % Total liabilities and stockholders' equity $519,610 $430,000 %

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