The comparative condensed balance sheets of Able Corporation are presented below. ABLE CORPORATION Comparative Condensed Balance Sheets December 31 2021 2020 Assets Current assets $ 72,000 $ 80,000 Property, plant, and equipment (net) 95,400 90,000 Intangibles 33,600 40,000 Total assets $201,000 $210,000 Liabilities and stockholders' equity Current liabilities $ 40,320 $ 48,000 Long-term liabilities 142,500 150,000 Stockholders' equity 18,180 12,000 Total liabilities and stockholders' equity $201,000 Instructions $210,000 (a) Prepare a horizontal analysis of the balance sheet data for Able Corporation using 2020 as a base. (b) Prepare a vertical analysis of the balance sheet data for Able Corporation in columnar form for 2021.