Accounting Connetion- Compute the amount and percentage changes for Rivera Company's comparative balance sheets, and comment on the changes from 2013 to 2014. (Round the percentage changes to one decimal place.)
| Rivera Company Comparative Balance Sheets December 31, 2014 and 2013 |
| Assets |
2014 |
2013 |
|
Current assets
|
$ 37,200
|
$ 25,600
|
|
Property, plant, and equipment (net)
|
218,928
|
194,400
|
|
Total assets
|
$256,128
|
$220,000
|
| Liabilities and Stockholders' equity |
|
|
|
Current liabilities
|
$ 22,400 |
$ 6,400
|
|
Long-term liabilities
|
70,000 |
80,000
|
|
Stockholders' equity
|
163,728 |
133,600
|
|
Total liabilities and stockholders' equity
|
$256,128 |
$220,000
|