E14-3 The comparative condensed statements of financial position of Garcia SLU are presented below. GARCIA SLU Comparative Condensed Statements of Financial Position December 31 2017 2016 Assets Intangibles 24,000 40,000 Property, plant, and equipment (net) 100,000 92,000 Current assets 76,000 82,000 Total assets 200,000 214,000 Equity and liabilities Equity 20,000 16,000 Non-current liabilities 140,000 150,000 Current liabilities 40,000 48,000 Total equity and liabilities 200,000 214,000 Instructions (a) Prepare a horizontal analysis of the statement of financial position data for Garcia using 2016 as a base. (b) Prepare a vertical analysis of the statement of financial position data for Garcia in columnar form for 2017