Question:
Financial information is presented below:
December 31, 2009 December 31,2008
Current Assets $125,000 $100,000
Plant Assets (net) $396,000 $330,000
Current liabilities $91,000 $70,000
Long term liabilities $133,000 $95,000
Common stock, $1 par $161,000 $115,000
Retained earnings $136,000 $150,000
Prepare a schedule showing a horizontal analysis for 2009 using 2008 as a base year.