Exercise 13-3 Here is financial information for Marin Inc. December 31, 2017 December 31, 2016 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings $110,400 404,600 103,600 126,400 134,400 150,600 $ 94,600 354,400 69,400 94,600 119,400 165,600 Prepare a schedule showing a horizontal analysis for 2017, using 2016 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55, 000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) MARIN INC. Condensed Balance Sheet December 31 Increase or (Decrease) 2017 2016 Amount Percentage Assets Current Assets $110,400 $94,600 Plant assets (net) 404,600 354,400 Total assets $515,000 $449,000 Liabilities Current Liabilities $103,600 $69,400 Long-term liabilities 126,400 94,600 Total liabilities $230,000 $164,000 Stockholders' Equity Common stock, $1 par 134,400 119,400 Retained earnings 150,600 165,600 Total stockholders' equity 285,000 285,000 Total liabilities and stockholders' equity $515,000 $449,000