Exercise 18-3 The comparative condensed balance sheets of Gurley Corporation are presented below GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 2016 Assets Current assets Property, plant, and equipment (net) Intangibles $73,400 80,600 97,90090,200 26,800 38,400 $198,100 $209,200 Total assets Liabilities and stockholders' equity Current liabilities Long-term liabilities Stockholders' equity 42,600 $47,200 140,800150,200 14,700 11,800 $198,100 $209,200 Total liabilities and stockholders' equity Prepare a horizontal analysis of the balance sheet data for Gurley Corporation using 2016 as a preceding the number e.g.-45,-45% or parentheses e.g. (45), (45%). Round percentages base. (En to GURLEY CORPORATTON ment GURLEY CORPORATION Condensed Balance Sheet Current assets $73,400 97,900 26,800 $198,100 Property, plant, and equipment (net) Total assets Liabilities and stockholders' equity Current liabilities $42,600 140,800 14,700 $198,100 Total liabilities and stockholders' equity Click if you would like to Show Work for this question: Open Show Work