C. Return to Blackboard s Weygandt, Accounting Principles, 12e Helo 1 System Announcements Question 1 The comparative condensed balance sheets of Gurley Corporation are presented below. 2016 GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 Assets Current assets $ 73,000 Property, plant, and equipment (net) 97,000 Intangibles 25,200 Total assets $195,200 Liabilities and stockholders' equity Current liabilities $ 43,000 Long-term babilites 136,000 Stockholders' equity 16,200 Total abilities and stockholders' equity $195,200 $ 81,000 88,200 40,200 $209,400 546,000 149,400 14,000 $209,400 (a) Prepare a horizontal analysis of the balance sheet data for Gurley Corporation in 2016 as a base (Enter negative amounts and percenta number ... -45,45% or parentheses (45), (454). Round percentages to 1 decimal place e g. 12.3%) GURLEY CORPORATION Condensed Balance Sheets December 31 Increase Percentage 2017 2016 (Decrease) Change from 2016 Assets Current $73,000 581,000 Properts, partenente 97.000 88.200 35,200 40,200 ga to 2 3 4 3 5