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Question 1

Here is financial information for Marin Inc.

		December 31, 2022		December 31, 2021
Current assets		$111,150		$ 95,000
Plant assets (net)		428,274		378,000
Current liabilities		94,488		62,000
Long-term liabilities		123,936		90,000
Common stock, $1 par		133,497		117,000
Retained earnings		187,503		204,000

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, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.)

MARIN INC. Condensed Balance Sheet December 31
							Increase or (Decrease)
		2022		2021			Amount		Percentage
Assets
Current Assets		$111,150		$95,000			$enter a dollar amount		enter percentages rounded to 1 decimal place	%
Plant assets (net)		428,274		378,000			enter a dollar amount		enter percentages rounded to 1 decimal place	%
Total assets		$539,424		$473,000			$enter a total amount for this part of the balance sheet		enter percentages rounded to 1 decimal place	%
Liabilities
Current Liabilities		$94,488		$62,000			$enter a dollar amount		enter percentages rounded to 1 decimal place	%
Long-term liabilities		123,936		90,000			enter a dollar amount		enter percentages rounded to 1 decimal place	%
Total liabilities		$218,424		$152,000			$enter a total of the two previous amounts		enter percentages rounded to 1 decimal place	%
Stockholders Equity
Common stock, $1 par		133,497		117,000			enter a dollar amount		enter percentages rounded to 1 decimal place	%
Retained earnings		187,503		204,000			enter a dollar amount		enter percentages rounded to 1 decimal place	%
Total stockholders equity		321,000		321,000			enter a total of the two previous amounts		enter percentages rounded to 1 decimal place	%
Total liabilities and stockholders equity		$539,424		$473,000			$enter a total amount for this part of the balance sheet		enter percentages rounded to 1 decimal place	%

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