Selected Financial Information for Trant Corporation Is Presented Below Instructions
Prepare a Schedule Showing a Horizontal Analysis for 2017

Essay

Selected financial information for Trant Corporation is presented below. $$\begin{array} { l c c } & \text { December 31,2017 } & \text { December 31, 2016 } \\\text { Current assets } & \$ 55,000 & \$ 40,000 \\\text { Long-term liabilities } & 90,000 & 80,000 \\\text { Retained earnings } & 125,000 & 100,000\end{array}$$ Instructions
Prepare a schedule showing a horizontal analysis for 2017 using 2016 as the base year.