Third Assignment: E18-3 The comparative condensed balance sheets of Conard Corporation are presented below. CONARD CORPORATION Comparative Condensed Balance Sheets December 31 2011 2010 Assets Current assets $ 74,000 $ 80,000 Property, plant, and equipment (net) 99,000 90.000 Intangibles 27,000 40.000 Total assets $200,000 $210,000 Liabilities and stockholders' equity Current liabilities $42.000 $ 48.000 Long-term liabilities 143,000 150.000 Stockholders' equity 15,000 12.000 Total liabilities and stockholders' equity $200,000 $210,000 Instructions (a) Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2010 as a base. (b) Prepare a vertical analysis of the balance sheet data for Conard Corporation in columnar form for 2011