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Financial information for Skysong, Inc. is presented below. December 31, 2021 $ 124,000 December 31,...

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Accounting

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Financial information for Skysong, Inc. is presented below. December 31, 2021 $ 124,000 December 31, 2022 $161.000 447,000 98,500 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock. $1 par 374,000 82,000 175,500 107.000 183.500 127.000 Retained earnings 150,500 182,000 Prepare a schedule showing a horizontal analysis for 2022 using 2021 as the base year. (If amount and percentage are a decrease show the numbers as negative, eg, -55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, eg. 12.1%) Long-term liabilities 175,500 107,000 % Total liabilities $274,000 $189,000 $ Stockholders' Equity Common stock, $i par 183,500 127,000 % Retained earnings 150,500 182.000 % Total stockholders' equity 334,000 309,000 Total liabilities and stockholders' equity $ $608,000 $498,000 % Total liabilities $274,000 $189,000 $ % Stockholders' Equity Common stock, $1 par 183,500 127.000 * * Retained earnings 150,500 182.000 Total stockholders' equity 334,000 309,000 Total liabilities and stockholders' equity $608.000 $498,000 $ x

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