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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