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help please The comparative condensed balance sheets of Shaker Corporation are presented below. SHAKER CORPORATION Comparative Condensed Balance Sheets December 31 2019 2018 Assets Current
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The comparative condensed balance sheets of Shaker Corporation are presented below. SHAKER CORPORATION Comparative Condensed Balance Sheets December 31 2019 2018 Assets Current assets $ 75,000 $ 90,000 Property, plant, and equipment (net) 99,500 90,000 Intangibles 23,500 50,000 Total assets $198.000 $230,000 Liabilities and stockholders' equity Current liabilities $ 40,600 $ 48,000 Long-term liabilities 131,000 160,000 Stockholders' equity 26,400 22.000 Total liabilities and stockholders' equity $198.000 $230.000 Instructions (a) Prepare a horizontal analysis of the balance sheet data for Shaker Corporation using 2018 as a base. (b) Prepare a vertical analysis of the balance sheet data for Shaker Corporation in columnar form for 2019Step by Step Solution
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