Suppose the comparative balance sheets of Skysong, Inc. are presented here. SKYSONG, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets Current Assets $9,550 $8,900 Property, plant, and equipment (net) 2,050 1,850 Other assets 1,480 1,730 Total assets $13,080 $12,480 Liabilities and Stockholders' Equity Current Liabilities $3,230 $3,330 Long-term liabilities 1,270 1,300 Stockholders equity 8,580 7,850 Total liabilities and stockholders' equity $13,080 $12,480 (a) Prepare a horizontal analysis of the balance sheet data for Skysong, using 2016 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) SKYSONG, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Increase (Decrease) Percentage Change from 2016 Assets Current Assets $9,550 $8,900 $ % Property, plant, and equipment (net) 2,050 1,850 % Other assets 1,480 1,730 % Total assets $13,080 $12,480 $ % Liabilities and Stockholders' Equity Current Liabilities $3,230 $3,330 $ % Long-term liabilities 1,270 1,300 % Stockholders equity 8,580 7,850 % Total liabilities and stockholders' equity $13,080 $12,480 $ % (b) Prepare a vertical analysis of the balance sheet data for Skysong for 2017. SKYSONG, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,550 % Property, plant, and equipment (net) 2,050 % Other assets 1,480 % Total assets $13,080 % Liabilities and Stockholders' Equity Current Liabilities $3,230 % Long-term Liabilities 1,270 % Stockholders equity 8,580 % Total liabilities and stockholders' equity $13,080 %