Exercise 232 The comparative balance sheet of Delta Company appears below: Delta COMPANY Comparative Balance Sheet December 31, Assets 2016 2017 $280 Current assets $450 Plant assets 520 550 $1,000 $800 Total assets Liabilities and stockholders' equity $180 $120 Current liabilities Long-term debt 250 160 310 320 Common stock Retained earnings 260 200 $1,000 $800 Total liabilities and stockholders' equity Using horizontal analysis, show the percentage change for each bala Using horizontal analysis, show the percentage change for each balance sheet item using 2016 as a base year. (If percenta negative, e.g. -12.1% or (12.1%). Round percentages to 1 decimal place, e.g. 12.1%.) Delta COMPANY Comparative Balance Sheet December 31, Assets 2017 2016 Percentage change Current assets $450 $280 Plant assets 550 520 $800 Total assets $1,000 Liabilities and stockholders' equity Current liabilities $180 $120 Long-term debt 250 160 Common stock 310 320 Retained earnings 260 200 Total liabilities and stockholders' equity $1,000 $800 Using vertical analysis, prepare a common size comparative balance sheet. (Round percentages to 0 decimal places, e.g. 12%.) Delta COMPANY Comparative Balance Sheet December 31, 2017 2016 Assets Amount Percentage Amount Percentage Current assets $450 $280 Plant assets 550 520 Total assets $1,000 $800 Liabilities and stockholders' equity Current liabilities $180 $120 Long-term debt 250 160 Common stock 310 320 Retained earnings 260 200 $1,000 $800 Total liabilities and stockholders' equity Ry accessing this Question Assistance, vou will learn while you earn points based on the Point Potential Policy set by vour instructor