The comparative condensed balance sheets of Monero Corporation are presented below. Instructions(a) Prepare a horizontal analysis of the balance sheet data for Monero Corporation using

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

Instructions(a) Prepare a horizontal analysis of the balance sheet data for Monero Corporation using 2012 as a base.(b) Prepare a vertical analysis of the balance sheet data for Monero Corporation in columnar form for2013.

MONERO CORPORATION Comparative Condensed Balance Sheets December 31 2013 2012 Assets $ 74,000 $ 80,000 Current assets Property, plant, and equipment (net) Intangibles 99,000 90,000 27,000 40,000 $200,000 $210,000 Total assets Liabilities and stockholders' equity $ 42,000 $ 48,000 Current liabilities Long-term liabilities Stockholders' equity 143,000 150,000 15,000 12,000 $210,000 Total liabilities and stockholders' equity $200,000