View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Here is financial information for Waterway Inc. December 31, 2022 December 31, 2021 Current assets $123,000 $100,000 Plant assets (net) 394,416 332,000 Current liabilities 86,265 71,000 Long-term liabilities 130,680 88,000 Common stock, $1 par 165,960 120,000 Retained earnings 134,511 153,000 4 Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number eg.-45,-45% or parentheses eg. (45), (45%). Round percentages to 1 decimal place, eg. 12.3%) WATERWAY INC. Condensed Balance Sheets December 31 2022 2021 Increase or (Decrease) Amount Percentage Question 1 of 4 < Assets 12.5/25 E Increase of (Decrease) 2022 2021 Amount Percentage Current assets $123,000 $100,000 23,000 19 % Plant assets (net) 394,416 332,000 62,416 15.8 % Total assets $517,416 $432,000 85,416 165 % Liabilities Current liabilities $86,265 $71,000 15,265 177 % Long-term liabilities 130,680 88,000 42,680 32.7 % Total liabilities 216.945 159,000 57,945 26.7 % Stockholders' Equity Common stock, $1 par 165,960 120,000 45,960 27.3 % Retained earnings 134,511 153,000 -18,489 -13.7 % Total stockholders' equity Total liabilities and stockholders' equity 300,471 273,000 27.471 9.1 % $517,416 $432,000 $ 85,416 16.5 %