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

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 for2015.

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GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2015 2014 Assets Current assets Property, plant, and equipment (net) Intangibles 74,000 99,000 27,000 $200,000 80,000 90,000 40,000 $210,000 Total assets Liabilities and stockholders' equity Current liabilities Long-term liabilities Stockholders' equity 42,000 143,000 15,000 Total liabilities and stockholders equity $200,000 48,000 150,000 12,000 $210,000