The comparative balance sheets of First Solar Corporation are presented below.

First Solar Corporation

Comparative Condensed Balance Sheets

December 31

2018 2017

Assets

Current assets $ 90,000 $ 80,000

Property, plant, and equipment (net) 95,400 90,000

Intangibles 33,600 40,000

Total assets $219,000 $210,000

Liabilities and stockholders' equity

Current liabilities $ 58,320 $ 48,000

Long-term liabilities 142,500 150,000

Stockholders' equity 18,180 12,000

Total liab & stockholders' equity $219,000 $210,000

Instructions

(a) Prepare a horizontal analysis of the balance sheet data using 2017 as a base.

(b) Prepare a vertical analysis of the balance sheet data in columnar form for 2018.