Exercise 13-5 Suppose the comparative balance sheets of Kingbird, Inc. are presented here KINGBIRD, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $9,500 $8,700 1,800 1,600 $12,850 $12,100 1,900 1,450 $3,150 $3,300 1,290 7,510 $12,850 $12,100 1,200 8,500 (a) Prepare a horizontal analysis of the balance sheet data for Kingbird, using 2016 as a base. (Ifamount 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%.)