Question 1 --/1 View Policies Current Attempt in Progress Here is financial information for Larkspur, Inc. December 31, 2017 $108,600 December 31, 2016 $ 93,500 Current assets Plant assets (net) 403,500 352,600 Current liabilities 102,500 67,600 Long-term liabilities 124,600 93,500 Common stock, $1 par 132,600 117,600 Retained earnings 152,400 167,400 Prepare a schedule showing a horizontal analysis for 2017, using 2016 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, e.g. 12.1%.) Condensed Balance Sheet December 31 Increase or (Decrease) 2017 2016 Amount Percentage Assets Current Assets $108,600 $93,500 $ Plant assets (net) 403,500 352,600 $512,100 $446,100 Total assets $ Liabilities Current Liabilities $ $102,500 124,600 $67,600 93,500 Long-term liabilities Total liabilities $227,100 $161,100 $ Stockholders' Equity Common stock, $1 par 132,600 117,600 Retained earnings 152,400 167,400 Total stockholders' equity 285,000 285,000 Total liabilities and stockholders' equity $512,100 $446,100 $