The comparative condensed balance sheets of Gurley Corporation are presented below. GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2015 2014 Assets Current assets $ 74,000 $ 80,000 Property, plant, and equipment (net) 99,000 90,000 Intangibles 27,000 40,000 Total assets $200,000 $210,000 Liabilities and stockholders equity Current liabilities $ 42,000 $ 48,000 Long-term liabilities 143,000 150,000 Stockholders equity 15,000 12,000 Total liabilities and stockholders equity $200,000 $210,000 Instructions (a) Prepare a horizontal analysis of the balance sheet data for Gurley Corporation using 2014 as a base. (b) Prepare a vertical analysis of the balance sheet data for Gurley Corporation in columnar form for 2015.