SPLISH BROTHERS INC. Condensed Balance Sheet For the Year Ended May 31, 2020 $ (in millions) Percent Assets Current Assets $9,580 Property, plant, and equipment (net) 1,810 14.00 % Other assets 1,540 11.91% $12,930 1001 % Total assets Liabilities and Stockholders' Equity Current Liabilities $3,150 24.36% Long-term Liabilities 1,320 8,460 Stockholders' equity 65.43% Total liabilities and stockholders' equity $12,930 100.00 % Suppose the comparative balance sheets of Splish Brothers Inc.. are presented here SPLISH BROTHERS INC. Condensed Balance Sheet May 31 ($ in millions) 2020 2019 Assets Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $9,580 $8,770 1,800 1,670 $12,930 $12,240 1,810 1,540 $3,150 $3,320 1,370 7,550 12,930 $12,240 1,320 8,460 (a) Prepare a horizontal analysis of the balance sheet data for Splish Brothers, using 2019 as a base. (If amount and percentage are a decrease show the numbers as negative, SPLISH BROTHERS INC. Condensed Balance Sheet May 31 ($ in millions) Percentage SPLISH BROTHERS INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change from 2013 Increase Decrease 2020 2019 Assets Current Assets $9,580 810 9.24% Property, plant, and equipment (net) 1,810 1,800 10 0.56% Other assets 1,540 1,670 -130 7.78% Total assets $12,930 $12,240 690 Liabilities and Stockholders' Equity Current Liabilities $3,150 $3,320 -170 Long-term liabilities 1,320 1,370 -50 3.65% 8,460 7,550 Stockholders' equity 910 12.05% Total liabilities and stockholders' equity $12,930 $12,240 690 5.64%