Please find below a comparative balance sheet: HUERTO COMPANY Comparative Balance Sheet December 31, 2007 Assets 2007 2006 Current assets $ 340 $280 Plant assets 675 520 Total assets $1,015 $800 Liabilities and stockholders' equity Current liabilities $ 180 $120 Long-term debt 250 160 Common stock 325 320 Retained earnings 260 200 Total liabilities and stockholders' equity $1,015 $800 Instructions (a) Using horizontal analysis, show the percentage change for each balance sheet item using 2006 as a base year. (b) Using vertical analysis, prepare a common size comparative balance sheet.