Current Attempt in Progress The comparative condensed balance sheets of Gurley Corporation are presented below. 2016 GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 Assets Current assets $ 73,500 Property, plant, and equipment (net) 97,500 Intangibles 28,800 Total assets $199,800 Liabilities and stockholders' equity Current liabilities $ 41,800 Long-term liabilities 143,800 Stockholders' equity 14,200 Total liabilities and stockholders' equity $199,800 $81,900 89,400 42,000 $213,300 $ 48,000 151,400 13,900 $213,300 (a) Prepare a horizontal analysis of the balance sheet data for Gurley Corporation using 2016 as a base. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) GURLEY CORPORATION Condensed Balance Sheets Increase (Decrease) Percentage Change from 2016 2017 2016 Assets Current assets $73,500 $81,900 $ % 97,500 89,400 % Property, plant & equipment (net) Intangibles 28,800 42,000 % Total assets $199,800 $213,300 $ % Liabilities and stockholders' Equity Current liabilities $41,800 $48,000 $ % Long-term liabilities 143,800 151,400 % 14,200 13.900 % Stockholders' equity Total liabilities and stockholders' equity $199,800 $213,300 $ % Save for Later Attempts: 0 of 1 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above