The following is summary of information presented on thefinancial statements of a company on December 31, 2015.

Account	2015	2014
Current Assets	$82,000	$70,000
Accounts Receivable	60,000	68,000
Merchandise Inventory	62,000	53,000
Current Liabilities	52,000	46,000
Long-term Liabilities	39,000	45,000
Common Stock	70,000	50,000
Retained Earnings	65,000	40,000

What would a horizontal analysis report show with respect tolong-term liabilities?

		long-term liabilities decreased by $30,000
		long-term liabilities decreased by $10,000
		long-term liabilities decreased by 13.33%
		long-term liabilities decreased by 40%