The comparative condensed balance sheets of Garcia Corporation are presented

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below.

Garcia Corporation Comparative Condensed Balance Sheets December 31 2014 2013 Assets Current assets $ 76,000 $ 80,000 Property, plant, and equipment (net) 100,000 90,000 Intangibles 24,000 40,000 Total assets $200,000 $210,000 Liabilities and stockholders’ equity Current liabilities $ 40,000 $ 48,000 Long-term liabilities 140,000 150,000 Stockholders’ equity 20,000 12,000 Total liabilities and stockholders’ equity $200,000 $210,000 Instructions

(a) Prepare a horizontal analysis of the balance sheet data for Garcia Corporation using 2013 as a base.

(b) Prepare a vertical analysis of the balance sheet data for Garcia Corporation in columnar form for 2014.