Financial information for Sheridan Inc. is presented below.
December 31, 2020 December 31, 2019
Current assets - $140,000 $112,000
Plant assets (net) - 437,892 364,000
Current liabilities - 95,978 74,000
Long-term liabilities - 166,953 101,000
Common stock, $1 par - 177,000 118,000
Retained earnings - 137,961 183,000
(a) Prepare a schedule showing a horizontal analysis for 2020 using 2019 as the base year.