Here is financial information for Larkspur, Inc.December 31, 2022December 31, 2021Current assets$108,600$ 94,500Plant assets (net)404,500352,600Current liabilities103,50067,600Long-term liabilities124,60094,500Common stock, $1 par132,600117,600Retained earnings152,400167,400Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (If amount and percentage are a decrease showthe numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) LARKSPUR, INC.Condensed Balance SheetDecember 31Increase or (Decrease)20222021AmountPercentageAssetsCurrent Assets$108,600$94,5002$Plant assets (net)404,500352,600Total assets$513,100$447,100$%LiabilitiesCustomize and control Google ChromeCurrent Liabilities$103,500$67,600$Long-term liabilities124,60094,500Total liabilities$228,100$162,1002$%Stockholders' EquityCommon stock, $1 par132,600117,600Retained earnings152,400167,400Total stockholders'285,000285,000equityTotal liabilities and$513,100$447,100$stockholders' equity

LARKSPUR, INC. Condensed Balance Sheet December 31 Increase or (Decrease) 2022 2021 Amount Percentage Assets Current Assets $108,600 $94,500 2$ % Plant assets (net) 404,500 352,600 Total assets $513,100 $447,100 2$ Liabilities Customize and control Google Chrome Current Liabilities $103,500 $67,600 $ % Long-term liabilities 124,600 94,500 % Total liabilities $228,100 $162,100 Stockholders' Equity Common stock, $1 par 132,600 117,600 Retained earnings 152,400 167,400 % Total stockholders' 285,000 285,000 equity Total liabilities and $513,100 $447,100 $ % stockholders' equity

LARKSPUR, INC. Condensed Balance Sheet December 31 Increase or (Decrease) 2022 2021 Amount Percentage Assets Current Assets $108,600 $94,500 2$ % Plant assets (net) 404,500 352,600 Total assets $513,100 $447,100 2$ Liabilities Customize and control Google Chrome Current Liabilities $103,500 $67,600 $ % Long-term liabilities 124,600 94,500 % Total liabilities $228,100 $162,100 Stockholders' Equity Common stock, $1 par 132,600 117,600 Retained earnings 152,400 167,400 % Total stockholders' 285,000 285,000 equity Total liabilities and $513,100 $447,100 $ % stockholders' equity

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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