Increase or (Decrease) Amount Percentage 2020 2019 Assets Current assets $139,971 $111,000 Plant assets (net) 442,854 354,000 Total assets $582,825 $465,000 Liabilities Current liabilities $94,017 $77,000 Long-term liabilities 166,953 101,000 Total liabilities 260,970 178,000 Stockholders' Equity Common stock, $1 par 181,012 118,000 Retained earnings 140,843 169,000 Total stockholders' equity 321,855 287,000 Total liabilities and stockholders' equity $582,825 $465,000 Challenge Exercise 18-01 a Financial information for Nealon Inc. is presented below. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2020 December 31, 2019 $139,971 $111,000 442,854 354,000 94,017 77,000 166,953 101,000 181,012 118,000 140,843 169,000 (a) Prepare a schedule showing a horizontal analysis for 2020 using 2019 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -15.2% or (55,000), (15.2%). Round percentages to 1 decimal place, e.g. 15.2%.) NEALON INC. Condensed Balance Sheets December 31 Increase or (Decrease) Amount Percentage 2020 2019 Assets Current assets $139,971 $111,000 $ Plant assets (net) 442,854 354,000 Total assets $582,825 $465,000