The comparative condensed balance sheets of Roadway Corporation are presented LO15 below.

ROADWAY CORPORATION Condensed Balance Sheets December 31 2017 2016 Assets Current assets $ 76,000 $ 80,000 Property, plant, and equipment (net) 99,000 90,000 Intangibles 25,000 40,000 Total assets $200,000 $210,000 Liabilities and Stockholders’ Equity Current liabilities $ 40,800 $ 48,000 Long-term liabilities 143,000 150,000 Stockholders’ equity 16,200 12,000 Total liabilities and stockholders’ equity $200,000 $210,000 INSTRUCTIONS

(a) Prepare a horizontal analysis of the balance sheet data for Roadway Corporation using 2016 as a base.

(b) Prepare a vertical analysis of the balance sheet data for Roadway Corporation in columnar form for 2017.