Year 2 Year 1 Assets $445 Current assets Plant assets $280 520 680 $1,125 $800 Total assets $285 $120 255 160 Liabilities & Stockholders' Equity Current liabilities Long-term debt Common stock Retained earnings Total liabilities and stockholders' equity 325 320 260 200 $1,125 $800 Required: a. Using horizontal analysis, show the percentage change for each balance sheet item using Year 1 as a base year. If required, round percentage to one decimal place. If required, use the minus sign to indicate decreases in amounts and percents (negative values). Randolph Company Comparative Balance Sheet December 31, Year 2 and Year 1 Year 2 Year 1 Increase/Decrease Amount Increase/Decrease Percentage Current assets $445 $280 Assets % % 680 520 Plant assets Total assets $1,125 $800 Previous Next > 19% Current liabilities $285 $120 9% 255 160 -Long-term debt 19% Common stock 325 320 200 19% 260 Retained earnings % Total liabilities and stockholders' equity $1,125 $800 b. Using vertical analysis, prepare a comparative balance sheet. If required, round your answers to one decimal place. Randolph Company Comparative Balance Sheet December 31, Year 2 and Year 1 Assets Year 2 Amount Year 2 Percent Year 1 Amount Year 1 Percent Current assets $445 $280 Plant assets 680 520 % Total assets $1,125 $800 % Liabilities & stockholders' equity Current liabilities $285 % $120 Long-term debt 255 160 Common stock 325 320 % % % % % % % 260 200 Retained earnings ly $800 96 Total liabilities and stockholders' equity $1,125