Here is financial information for Metlock, Inc. December 31, 2017 December 31, 2016 Current assets $110,600 $ 94,400 Plant assets (net) 404,400 354,600 Current liabilities 103,400 69,600 Long-term liabilities 126,600 94,400 Common stock, $1 par 134,600 119,600 Retained earnings 150,400 165,400 Prepare a schedule showing a horizontal analysis for 2017 using 2016 as the base year. (If amount and percentage are a decrease show then e.g. -55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, e.3. 12.1%) METLOCK, INC. Condensed Balance Sheet December 31 Increase or (Decrease) 2017 2016 Amount Percentage Assets Current Assets $110,600 $94,400 $ Plant assets (net) 404,400 354,600 Total assets $515,000 $449,000 Liabilities $103,400 Current Liabilities $69,600 se $ Prepare a schedule showing a horizontal analysis for 2017, using 2016 as the base year. (If amount and percentage are a decrease show the nu es-55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, 6.8. 12.1x) METLOCK, INC. Condensed Balance Sheet December 31 Increase or (Decrease) 2017 2016 Amount Percentage Assets Current Assets $110,600 $94,400 $ Plant assets (net) 404.400 354,600 Total assets $515,000 $449,000 Liabilities Current Liabilities $103.400 $69,600 $ Long-term liabilities 126,600 94,400 $230,000 $164,000 Total liabilities Stockholders' Equity Common stock, $1 par 134,600 119,600 Retained earnings 150,400 165,400 Total stockholders' equity 285,000 285,000 Total liabilities and stockholders' equity $515,000 $449,000 $