Exercise 13-3 Your answer ls partialy correct. Try again. Here is financial information for Kingbird, Inc. December 31, 2017 Current assets Plant assets (net) Current llabilities Long-term liabilities Common stock, $1 par Retained earnings $108,000 402,000 101,000 124,000 132,000 153,00D December 31, 2016 92,000 352,000 67,000 92,000 117,000 168,000 Prepare a schedule showing a horizontal analysis or 2017, using 2016 as the base year. If amount and percentage are decrease sh the numbers as negative, e g 55,000 20% or 55,000 20% Ro d ercentages to i deci al ce e 12.1% KINGDIRD, INC. Condernsed Balance Sheet December 31 CuTant Assets 108,000 92,000 Plant assets (net) 402,000 352,000 Total assets $510,000 $444,000 Ourrent Liabilities 101,000 $67,000 Long-tarm labiibes 124,000 92,000 Tolel liablties 225,000 $159,000 Common stock, $1 par 132,000 117,000 Retained eernings 153,000 168,000 Total stockholders equity 285,000 285,000 Total labltes and stocholders' equty 510,000 $444,000 Click if you would like to Show Work for this question: Open Show Work