b) The comparative condensed statements of financial position of Bailey Enterprise are presented below. Comparative Condensed Statements of Financial Position December 31 2017 2016 Assets Property, plant, and equipment (net) Intangibles RM 94,500 33,500 RM 90,000 40,000 Current assets Total assets Equity and liabilities Shareholders' equity Non-current liabilities 70,000 198,000 80.000 210,000 16,200 12,000 141,000 150,000 Current liabilities Total equity and liabilities Required: 40.800 48.000 198,000 210,000 1) Prepare a horizontal analysis using 2016 as a base. 2) Prepare a vertical analysis in columnar form for 2017. (8 marks) (7 marks)