The comparative condensed statements of financial position of Garcia Corporation are presented below.

Garcia Corporation
Comparative Condensed Statements of Financial Position
December 31

Instructions
(a) Prepare a horizontal analysis of the statement of financial position data for Garcia Corporation using 2013 as a base.
(b) Prepare a vertical analysis of the statement of financial position data for Garcia Corporation in columnar form for 2014.

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2014 2013 Assets $ 24,000 100,000 76,000 $ 40,000 90,000 Intangibles Property, plant, and equipment (net) Current assets 80,000 Total assets $200,000 $210,000 Equity and liabilities Equity Non-current liabilities Current liabilities $ 20,000 140,000 $ 12,000 150,000 48,000 40,000 Total equity and liabilities $200,000 $210,000