Exercise 14-1 Financial information for Kurzen Inc. is presented below December 31, 2017 $123,000 394,400 86,300 130,700 166,000 134,400 December 31, 2016 103,000 332,000 70,800 88,000 120,000 156,200 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings Prepare a schedule showing a horizontal analysis for 2017 using 2016 as the base year. (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, eg. 12.3%.) KURZEN INC. Condensed Balance Sheets December 31 Increase or (Decrease) 2017 2016 Amount Assets Current assets $ 123,000 103,000 Plant assets (net) 394,400 332,000 $517,400 435,000 Total assets Liabilities Current liabilities $ 86,300 $70,800 130,700 88,000 Long-term liabilities 58 800 KURZEN INC. Condensed Balance Sheets December 31 Increase or (Decrease) 2017 2016 Amount Percentage Assets Current assets $123,000 $103,000 332,000 $517,400 435,000 394,400 lant assets (net) Total assets Liabilities Current liabilities $ 86,300 $ 70,800 130,700 88,000 ong-term liabilities Total liabilities Stockholders' Equity Common stock, $1 par etie arnings 217,000 158,800 166,000 134,400 300,400 120,000 156,200 276,200 Total stockholders' equity $517,400 435,000 Total liabilities and stockholders' equity