Exercise 14-3 The comparative condensed balance sheets of Gurley Corporation are presented below. GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2016 Assets Current assets 73,000 78,600 Property, plant, and equipment (net) 98,800 92,000 27,200 39,200 Intangibles Total assets 199,000 209,800 Liabilities and stockholders' equity Current liabilities 40,400 46,800 145,000 152,000 Long-term liabilities 13,600 Stockholders' equity 11,000 Total liabilities and stockholders' equity 199,000 209,800 (a) Prepare a horizontal analysis of the balance sheet data for Gurley Corporation using 2016 as a base. (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%) GURLEY CORPORATION Condensed Balance Sheets Increase Percentage 2017 2016 Decrease Change from 2016