Question 1 of 4 < > View Policies Current Attempt in Progress Here is financial information for Metlock, Inc. December 31, 2022 December 31, 2021 Current assets $99,450 $85,000 Plant assets (net) 400,928 352,000 Current liabilities 101,237 67,000 Long-term liabilities 110,141 81,000 Common stock, $1 par 127,344 112,000 Retained earnings 161,656 177,000 -13 Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (If amount and percentage are a decreases 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 METLOCK, INC. Condensed Balance Sheet December 31 2022 2021 $99,450 $85,000 $ Increase or (Decrease) Amount Percentage % Plant assets (net) 400,928 352,000 % Total assets $500,378 $437,000 $ % Liabilities Current Liabilities $101,237 $67,000 $ % Long-term liabilities 110,141 81,000 % Total liabilities $211,378 $148,000 $ % Stockholders' Equity Long-term liabilities 110,141 81,000 Total liabilities $211,378 $148,000 $ Stockholders' Equity Common stock, $1 par 127,344 112,000 Retained earnings 161,656 177,000 Total stockholders' equity 289,000 289,000 Total liabilities and $500,378 $437,000 $ stockholders' equity eTextbook and Media Save for Later % % % % % % Attempts: 0 of 5 used Submit Answer