please explain how you answer the balance sheet questions

Practice Exercise 01 a-b The comparative condensed balance sheets of Gurley Corporation are presented below. GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 2016 Assets Current assets Property, plant, and equipment (net) Intangibles $ 72,600 98,600 25,000 $196,200 $ 78,800 88,000 38,400 $ 205,200 Total assets Liabilities and stockholders' equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $ 40,800 143,000 12,400 $196,200 $ 48,200 148,800 8,200 $ 205,200 Prepare a horizontal analysis of the balance sheet data for Gurley Corporation using 2016 as a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%)- ment CALCULAT Prepare a horizontal analysis of the balance sheet data for Gurley Corporation using 2016 as a base. (Enter negative amounts negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decim GURLEY CORPORATION Condensed Balance Sheets Increase (Decrease) Percentage Change from 2016 2017 2016 Assets Current assets $72,600 $78,800 $ % Property, plant & equipment (net) 98,600 88,000 % Intangibles 25,000 38,400 % Total assets $196,200 $205,200 % Liabilities and stockholders' Equity Current liabilities $40,800 $48,200 $ % Long-term liabilities 143,000 148,800 % Stockholders' equity 12,400 8,200 % Total liabilities and stockholders' equity $196,200 $205,200 % Prepare a vertical analysis of the balance sheet data for Gurley Corporation in columnar form for 2017.( GURLEY CORPORATION Condensed Balance Sheet Amount Percent Assets Current assets $72,600 % Property, plant, and equipment (net) 98,600 % Intangibles 25,000 % Total assets $196,200 % Liabilities and stockholders' equity Current liabilities $40,800 9% Long-term liabilities 143,000 % Stockhol equity 12,400 9% Total liabilities and stockholders' equity $196,200 % Click if you would like to Show Work for this question: Open Show Work