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The comparative condensed balance sheets of Gurley Corporation are presented below. GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 2016 Asset 74,500 82,000 Current

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The comparative condensed balance sheets of Gurley Corporation are presented below. GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 2016 Asset 74,500 82,000 Current assets Property, plant, and equipment (net) 99,200 90,000 Intangibles 26,000 40,200 $199,700 $212,200 Total assets Liabilities and stockholders' equity 42,000 s 48,000 Current liabilities Long-term liabilities 141,000 149,000 Stockholders' equity 16,700 15 200 $199,700 $212,200 Total liabilities and stockholders' equity 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%.)

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