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

GURLEY CORPORATION Comparative Condensed Balance Sheets December 31
		2017		2016
Assets
Current assets		$ 74,500		$ 81,600
Property, plant, and equipment (net)		97,500		91,000
Intangibles		28,200		39,000
Total assets		$200,200		$211,600
Liabilities and stockholders equity
Current liabilities		$ 41,800		$ 47,400
Long-term liabilities		141,800		151,200
Stockholders equity		16,600		13,000
Total liabilities and stockholders equity		$200,200		$211,600

(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 For the Month Ended December 31December 31For the Year Ended December 31
		2017		2016			Increase (Decrease)		Percentage Change from 2016
Assets
Current assets		$74,500		$81,600			$		%
Property, plant & equipment (net)		97,500		91,000					%
Intangibles		28,200		39,000					%
Total assets		$200,200		$211,600			$		%
Liabilities and stockholders' Equity
Current liabilities		$41,800		$47,400			$		%
Long-term liabilities		141,800		151,200					%
Stockholders' equity		16,600		13,000					%
Total liabilities and stockholders' equity		$200,200		$211,600			$		%