Summary financial information for Newburg Company is as follows.
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Current assets
|
$ 200,000
|
$ 220,000
|
|
Plant assets
|
1,040,000
|
780,000
|
|
Total assets
|
$1,240,000
|
$1,000,000
|
Compute the amount and percentage changes in 2013 using horizontal analysis, assuming 2012 is the base year.