Exercise 18-3 The comparative condensed balance sheets of Gurley Corporation are presented below. GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 20 2016 Assets 73,500 81,900 Current assets Property, plant, and equipment (net) 97,500 89,400 28,800 42,000 Intangibles $199,800 $213,300 Total assets Liabilities and stockholders' equity 41,800 48,000 Current liabilities Long-term liabilities 143,800 151,400 14,200 13,900 Stockholders' equity Total liabilities and stockholders' equity $199,800 $213,300 (a) prepare a horizontal analysis of the balance sheet data for Gurley Corporation using 2016 as a base