The comparative condensed balance sheets of Gurley Corporation are presented below.

GURLEY CORPORATION Comparative Condensed Balance Sheets December 31
		2017		2016
Assets
Current assets		$ 73,500		$ 78,400
Property, plant, and equipment (net)		98,400		91,600
Intangibles		28,400		41,400
Total assets		$200,300		$211,400
Liabilities and stockholders equity
Current liabilities		$ 40,800		$ 49,800
Long-term liabilities		144,800		149,200
Stockholders equity		14,700		12,400
Total liabilities and stockholders equity		$200,300		$211,400

(a)

Prepare a horizontal analysis of the balance sheet data for Gurley Corporation using 2016 as a base. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.)

GURLEY CORPORATION Condensed Balance Sheets December 31For the Month Ended December 31For the Year Ended December 31
		2017		2016			Increase (Decrease)		Percentage Change from 2016
Assets
Current assets		$73,500		$78,400			$		%
Property, plant & equipment (net)		98,400		91,600					%
Intangibles		28,400		41,400					%
Total assets		$200,300		$211,400			$		%
Liabilities and stockholders' Equity
Current liabilities		$40,800		$49,800			$		%
Long-term liabilities		144,800		149,200					%
Stockholders' equity		14,700		12,400					%
Total liabilities and stockholders' equity		$200,300		$211,400			$		%