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The comparative condensed balance sheets of Garcia Corporation are presented below.

GARCIA CORPORATION Comparative Condensed Balance Sheets December 31
		2014		2013
Assets
Current assets		$ 76,000		$ 80,000
Property, plant, and equipment (net)		100,000		90,000
Intangibles		24,000		40,000
Total assets		$200,000		$210,000
Liabilities and stockholders’ equity
Current liabilities		$ 40,000		$ 48,000
Long-term liabilities		140,000		150,000
Stockholders’ equity		20,000		12,000
Total liabilities and stockholders’ equity		$200,000		$210,000

(a) Prepare a horizontal analysis of the balance sheet data for Garcia Corporation using 2013 as a base. (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. 12.3%.)