2. a) (20 Points) -Prepare a schedule showing a Horizontal Analysis for 2017 using 2016 as the base year based on the following financial information for Cradle Inc. 2016 115,000 275,000 390,000 2017 100,000 600,000 700,000 Current Assets Plant Assets (net) Total Assets 50,000 50,000 100,000 75,000 325,000 400,000 Current Liabilities Long-Term Liabilities Total Liabilities Common Stock, $1 par value Retained Earnings Total Stockholders Equity 100,000 200,000 300,000 100,000 190,000 290,000 Total Liabilities and Stockholders Equity 700,000 390,000 b) (5 Points) - Make at least one observation based on your Horizontal Analysis