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Financial information for XYZ Inc. is given below.

                              December 31, 2008     December 31, 2007
Current assets             $125,000                    $100,000
Plant assets (net)          396,000                     330,000
Current liabilities             91,000                      70,000
Long-term liabilities       133,000                      95,000
Common stock, $1 par    61,000                     115,000
Retained earnings        136,000                     150,000

Create a schedule illustrating a horizontal analysis for 2008 using 2007 as the base year.

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