The Comparative condensed balance sheets of Gurley Corporation are presented below.

Gurley Corporation
Comparative Condensed Balance Sheets
December 31

Instructions

Prepare a horizontal analysis of the balance sheet data for Gurley Corporation using 2019 as a base
Prepare a vertical analysis of the balance sheet data for Gurley Corporation in columnar form for 2020

Solution

Gurley Corporation
Condensed Balance Sheets
December 31

Gurley Corporation
Condensed Balance Sheets
December 31, 2020

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