The following is a summary of information presented on the financial statements of a company on...

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The following is a summary of information presented on the financial statements of a company on December 31, 2019. With respect to long-term liabilities, a horizontal analysis reveals Account Current Assets 2019 2018 $87,000 $73,000 Accounts Receivable Merchandise Inventory Current Liabilities Long-term Liabilities 85,000 81,000 63,000 56,000 53,000 51,000 44,000 52,000 Common Stock 70,000 57,000 Retained Earnings 68,000 50,000 long-term liabilities decreased by 22.81% long-term liabilities decreased by $2000 long-term liabilities decreased by $13,000 long-term liabilities decreased by 15.38% The following is a summary of information presented on the financial statements of a company on December 31, 2019. With respect to long-term liabilities, a horizontal analysis reveals Account Current Assets 2019 2018 $87,000 $73,000 Accounts Receivable Merchandise Inventory Current Liabilities Long-term Liabilities 85,000 81,000 63,000 56,000 53,000 51,000 44,000 52,000 Common Stock 70,000 57,000 Retained Earnings 68,000 50,000 long-term liabilities decreased by 22.81% long-term liabilities decreased by $2000 long-term liabilities decreased by $13,000 long-term liabilities decreased by 15.38%