Exercise 14-1 Financial information for kurzen Inc. is presented below. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2017 $122,600 394,400 86,000 133,900 166,200 130,900 December 31, 2016 $103,800 330,000 72,400 86,000 110,000 165,400 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, e.g. 12.3%.) KURZEN INC. Condensed Balance Sheets Increase or (Decrease) Percentage 2017 2016 Amount Assets Current assets $122,600 $103,800 Plant assets (net) 394,400 330,000 Total assets $517,000 $433,800 Liabilities Current liabilities $86,000 $72,400 Long-term liabilities 133,900 86,000 Total liabilities 219,900 158,400 Stockholders' Equity Common stock, $1 par 166,200 110,000 Retained earnings 130,900 165,400 Total stockholders' equity 297,100 275,400 Total liabilities and stockholders' equity $517,000 $433,800