Suppose the comparative balance sheets of Teal Mountain Inc. are presented here. TEAL MOUNTAIN INC. Condensed Balance Sheet May 31 ($ In millions) 2017 2016 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 $9,510 $8,770 1,800 1,790 $13,050 $12,360 1,960 1,580 $3,300 $3,400 1,340 7,620 $13,050 $12,360 1,260 8,490 (a) Prepare a horizontal analysis of the balance sheet data for Teal Mountain, using 2016 as a base. (If amount a TEAL MOUNTAIN INC Condensed Balance Sheet May 31 ($ in milions) Increase 2017 2016 Change from 2016 Assets b % Current Assets Property, plant, and equipment (net) Other assets Total assets 59,510 $8,770 1,800 1,790 $13,050 $12,360 1,960 tua % 1,580 Liabilities and Stockholders' Equity 109 Current Liabilities $3,300 $3,400 % Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 1,260 1,340 8,490 7620 $13,050 $12,360