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

Instructions
(a) Prepare a horizontal analysis of the balance sheet data for Garcia Corporation using 2013 as a base.
(b) Prepare a vertical analysis of the balance sheet data for Garcia Corporation in columnar form for2014.

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Garcia Corporation Comparative Condensed Balan ce Sheets December 31 2014 2013 Assets Current assets Property, plant, and equipment (net) Intangibles 76,000 80,000 90,000 40,000 200,000 $%210,000 100,000 24,000 Total assets Liabilities and stockholders' equity Current liabilities Long-term liabilities Stockholders' equity 140,000 20,000 40,000 48,000 150,000 12,000 Total liabilities and stockholders equity $200,000 $210,000