The balance sheet data of Randolph Company for two recent years appears below: Assets: Year 1 Current assets Plant assets Year 2 $445 680 $1,125 $280 520 Total assets $800 Liabilities and stockholders' equity: Current liabilities Long-term debt $285 255 325 260 $1,125 $120 160 320 200 Common stock Retained earnings Total liabilities and stockholders' equity $800 Required: a. Using horizontal analysis, show the percentage change for each balance sheet item using Year 1 as a base year. If required, round percentage to one decimal place. If required, use the minus sign to indicate decreases in amounts and percents (negative values). Randolph Company Comparative Balance Sheet For the Years Ended December 31, Year 2 and Year 1 Assets Year 2 Year 1 Increase/Decrease Amount Increase/Decrease Percentage Current assets $445 $280 L Plant assets 680 520 Total assets $1,125 $800 Liabilities & stockholders' equity Current liabilities $285 255 $120 160 Long-term debt Common stock 325 Retained earnings 260 200 Retained earnings 260 200 200 Total liabilities and stockholders' equity $1,125 $800 b. Using vertical analysis, prepare a comparative balance sheet. If required, round your answers to one decimal place. Randolph Company Comparative Balance Sheet For the Years Ended December 31, Year 2 and Year 1 Year 2 Amount Year 2 Percent Year 1 Amount Year 1 Percent $445 $280 Assets Current assets Plant assets 680 520 Total assets $1,125 $800 Liabilities and stockholders' equity Current liabilities $285 $120 Long-term debt 255 160 Common stock 325 320 Retained earnings 260 200 Total liabilities and stockholders' equity $1,125 $800