Selected financial information for Kingbird Corporation is presented below.
Prepare a schedule showing a horizontal analysis for 2020 using 2019 as the base year. (Round
percentage answers to 0 decimal places, e.g. 15%).
December 31,
2020
December 31,
2019
Current assets
$54,000
$40,000
$
Long-term liabilities
90,000
75,000
Retained earnings
120,000
100,000
Amount