E9-3 Prepare horizontal analysis Here is financial information for Glitter, Inc. December 31, 2017 December 31, 2016 Current assets $1,06,000 $90,000 Plant assets (net) 4,00,000 3,50,000 Current liabilities 99,000 65,000 Long-term liabilities 1,22,000 90,000 Common stock, $1 par 1,30,000 1,15,000 Reained earnings 1,55,000 1,70,000 Instructions Prepare a schedule showing a horizontal analysis for 2017, using 2016 as the base year. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?" .

On december 31, 2016, the decarreau, andrew, and bui partnership had the following fiscal year-end balance sheet: cash $10,000accounts receivable $20,000inventory $25,000plant assets - net $30,000loan to decarreau $18,000total assets $103,000accounts payable $14,000loan from bui $15,000decarreaua, capital (20%) $32,000andrew, capital (10%) $23,000bui, capital (70%) $19,000total liab./equity $103,000the percentages shown are the residual profit and loss sharing ratios. the partners dissolved the partnership on january 1, 2017, and began the liquidation process. during july the following events occurred: * receivables of $18,000 were collected.* all inventory was sold for $15,000.*all available cash was distributed on january 31, except for$8,000 that was set aside for contingent expenses.the book value of the partnership equity (i.e., total equity of the partners) on december 31, 2016 isa. $58,000b. $71,000c. $66,000d. $81,000