w Policies Current Attempt in Progress The comparative balance sheet of Delta Company appears below: DELTA COMPANY Comparative Balance Sheet December 31, Assets Current assets Plant assets Total assets Liabilities and stockholders' equity Current liabilities Long-term debt Common stock Retained earnings Total liabilities and stockholders' equity 2022 $450 550 $1,000 2021 $280 520 $800 $180 250 310 260 $1,000 $120 160 320 200 $800 Part 1 Using horizontal analysis, show the percentage change for each balance sheet item using 2021 as a base year. (If percentage change is a decrease show the numbers as negative, c.8. - 12.1% or (12.1%). Round percentages to decimal places, 48. 12%.) DELTA COMPANY Comparative Balance Sheet December 31 Assets 2022 2021 Percentage change Current assets $450 $280 Plant assets 550 520 % Total assets $1.000 $800 Liabilities and stockholders' equity Current liabilities $180 $120 %6 Long-term debt 250 160 30 Common stock 310 320 56 Retained earnings 260 200 Totallibilities and stockholders' equity $1.000 S800 e Textbook and Media VUCTORY CARTUSE VELESTER 12%) DELTA COMPANY Comparative Balance Sheet December 31 2022 2021 Amount Percentage Amount Percentage $450 % $280 550 96 520 $1,000 % $800 %6 Assets Current assets Plant assets Total assets Liabilities and stockholders equity Current liabilities Long-term debt % 96 $180 $120 250 96 160 Common stock 310 % 320 260 200 Retained earnings Total liabilities and stockholders' equity $1,000 * $800 e Textbook and Media Savuor La Attempts: 0 of 4 used Submit