please do part a and b please

Question 1 The comparative condensed balance sheets of Gurley Corporation are presented below. GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 2016 Assets Current assets $ 73,500 $ 78,600 Property, plant, and equipment (net) 97,600 92,000 Intangibles 28,800 40,200 Total assets $199,900 $210,800 Liabilities and stockholders' equity Current liabilities $ 40,400 $ 48,200 Long-term liabilities 141,000 150,600 Stockholders' equity 18,500 12,000 Total liabilities and stockholders' equity $199,900 $210,800 Study (a) Prepare a horizontal analysis of the balance sheet data for Gurley Corporation using 2016 as a base. (Enter ne number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g GURLEY CORPORATION Condensed Balance Sheets V 2017 Assets 2016 Increase (Decrease) Perce Change (b) Prepare a vertical analysis of the balance sheet data for Gurley Corporation in columnar form for 2017. (Round percentages to 1 decimal place, e.g. 12. GURLEY CORPORATION Condensed Balance Sheet Amount Percent Assets Current assets $73,500 % Property, plant, and equipment (net) 97,600 % Intangibles 28,800 % Total assets $199,900 Liabilities and stockholders' equity Current liabilities $40,400 % Long-term liabilities 141,000 % 18,500 % Stockholders' equity Total liabilities and stockholders' equity $199,900 LINK TO TEXT Question Attempts: 0 of 1 used MacBook Air