Question 2 Here is financial information for Glitter Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2020 $124,600 394,454 87,827 135,235 166,562 129,430 December 31, 2019 $100,000 334,000 71,000 85,000 113,000 165,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 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%.) GLITTER INC. Condensed Balance Sheets December 31 Increase or (Decrease) Amount Percentage 2020 2019 Assets Current assets $ 124,600 $100,000 % Plant assets (net) 394,454 334,000 % Total assets $519,054 $434,000 % Liabilities Total assets $519,054 $434,000 % Liabilities Current liabilities $87,827 $71,000 $ % Long-term liabilities 135,235 85,000 % Total liabilities 223,062 156,000 % Stockholders' Equity Common stock, $1 par 166,562 113,000 % Retained earnings 129,430 165,000 % Total stockholders' equity 295,992 278,000 % Total liabilities and stockholders' equity $519,054 $434,000 %