The following is a summary of information presented on the financial statements of a company on December 31, 2019.

Account	2019	2018
Current Assets	$82,000	$$78,000
Accounts Receivable	90,000	63,000
Merchandise Inventory	64,000	60,000
Current Liabilities	55,000	50,000
Longterm Liabilities	42,000	53,000
Common Stock	73,000	50,000
Retained Earnings	66,000	48,000

With respect to longterm liabilities, a horizontal analysis reveals ___

A.longterm liabilities decreased by $5,000

B. longterm liabilities decreased by 20.75%

C.longterm liabilities decreased by 46%

D. longterm liabilities decreased by $ 23,000