Question: Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2020 December 31, 2019 $101,394 $ 86,000 363,341

 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock,

Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2020 December 31, 2019 $101,394 $ 86,000 363,341 319,000 95,160 61,000 106,575 81,000 130,525 115,000 132,475 148,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (if amount and percentage are a decreas negative, eg.-55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, eg. 12.1%) SKYSONG, INC. Condensed Balance Sheet December 31 Increase or (Decrease) 2020 2019 Amount Percentage Assets Current Assets $ Plant assets (net) $101,394 $86,000 363,341 319,000 $464,735 $405,000 a Total assets Liabilities Current Liabilities $ Long-term liabilities $95,160 106,575 $61,000 81,000 $201.735 $142,000 Total liabilities Stockholders' Equity Common stock, $1 par 130,525 115,000 Retained earnings 132,475 148,000 Total stockholders' equity 263,000 263.000 Total liabilities and stockholders' equity $464.735 $405,000 $

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