Question 1 Here is financial information for Larkspur, Inc. December 31, 2017 December 31 2016 Current assets Plant assets (net) Current llablilities Long-term labilitles Commonstock, $1 par Retalnedearnings $108,600 404,500 103,500 124,600 132,600 152,400 s94,500 352,600 67,600 94,500 117,600 167,400 are a schedule showing a hort tal analysis lor 2017, using 2016 as the base year. amount d per t gea e ad rease show the numbers n veeg. 5500 2 % or 55,000 20% Round percent es to 1 decima p ce, eg 1 LARKSPUR, INC Condensed Balence Sheet December 31 Increase or (Decrease) Current Assets Plant assets (ne) Total assets 5 94,500 S 108,600 04,500 352,400 513,100 447,100 Liabilities Current Liabilitie Long-term Eabities $67,600 103,500 124,600 94,500 Total liablities Stockholders' Equity Common stock, $1 par Retained earnings 228,100 162,100 132,600 117,400 152,400 167,400 85,000 285,000 Total stockholders' equity Total liablities and stockholders 513,1C0 447,100