Here is financial information for Vaughn Inc. December 31, 2022 December 31, 2021 Current assets...
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Here is financial information for Vaughn Inc. December 31, 2022 December 31, 2021 Current assets $123,000 $100,000 Plant assets (net) 394,471 329,000 Current liabilities 87,472 71,000 Long-term liabilities 137,192 88,000 Common stock, $1 par 166,833 111,000 Retained earnings 125,974 159,000 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%.) VAUGHN INC. Condensed Balance Sheets December 31 Increase or (Decrease) VAUGHN INC. Condensed Balance Sheets December 31 Increase or (Decrease) 2022 2021 Amount Percentage Assets Current assets $123,000 $100,000 $ % Plant assets (net) 394,471 329,000 % Total assets $517,471 $429,000 $ % Liabilities Current liabilities $87,472 $71,000 $ % Long-term liabilities 137,192 88,000 % Total liabilities 224,664 159,000 % Stockholders' Equity Stockholders' Equity Common stock, $1 par 166,833 111,000 % Retained earnings 125,974 159,000 % Total stockholders' equity 292,807 270,000 % Total liabilities and stockholders' equity $517,471 $429,000 ta $ %
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