Question: Current Attempt in Progress Here is financial information for Bonita Inc. December 31, 2022 December 31, 2021 Current assets $124,000 $100,000 Plant assets (net) 394,965

Current Attempt in Progress

Here is financial information for Bonita Inc.

December 31, 2022

December 31, 2021

Current assets

$124,000 $100,000

Plant assets (net)

394,965 335,000

Current liabilities

87,827 71,000

Long-term liabilities

128,920 88,000

Common stock, $1 par

165,984 114,000

Retained earnings

136,234 162,000

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 e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.)

BONITA INC. Condensed Balance Sheets December 31

Increase or (Decrease)

2022

2021

Amount

Percentage

Assets

Current assets

$124,000

$100,000

$enter a dollar amount

enter percentages rounded to 1 decimal place %

Plant assets (net)

394,965 335,000 enter a dollar amount

enter percentages rounded to 1 decimal place %

Total assets

$518,965 $435,000

$enter a total amount for this part of the balance sheet

enter percentages rounded to 1 decimal place %

Liabilities

Current liabilities

$87,827

$71,000

$enter a dollar amount

enter percentages rounded to 1 decimal place %

Long-term liabilities

128,920 88,000 enter a dollar amount

enter percentages rounded to 1 decimal place %

Total liabilities

216,747 159,000 enter a total of the two previous amounts

enter percentages rounded to 1 decimal place %

Stockholders' Equity

Common stock, $1 par

165,984

114,000

enter a dollar amount

enter percentages rounded to 1 decimal place %

Retained earnings

136,234 162,000 enter a dollar amount

enter percentages rounded to 1 decimal place %

Total stockholders' equity

302,218 276,000 enter a total of the two previous amounts

enter percentages rounded to 1 decimal place %

Total liabilities and stockholders' equity

$518,965 $435,000 $enter a total amount for this part of the balance sheet

enter percentages rounded to 1 decimal place %

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