Suppose the comparative balance sheets of Skysong, Inc. are presented here. SKYSONG, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016Assets Current Assets $9,550 $8,900Property, plant, and equipment (net) 2,050 1,850Other assets 1,480 1,730Total assets $13,080 $12,480Liabilities and Stockholder's Equity Current Liabilities $3,230 $3,330Long-term liabilities 1,270 1,300Stockholder's equity 8,580 7,850Total liabilities and stockholder's equity$13,080 $12,480(a) Prepare a horizontal analysis of the balance sheet data for Skysong, using 2016 as a base. SKYSONG, INC. Condensed Balance SheetMay 31 ($ in millions) 2017 2016 Increase Percentage Change from 2016Assets Current Assets $9,550 $8,900 $ %Property, plant, and 2,050 1,850 %equipment (net) Other assets 1,480 1,730 %Total assets $13,080 $12,480 $ %Liabilities and Stockholders' Equity Current Liabilities $3,230 $3,330 $ %Long-term liabilities 1,270 1,300 %Stockholder's equity 8,580 7,850 %Total liabilities and $13,080 $12,480 $ % stockholder's equity(b). Prepare a vertical analysis of the balance sheet data for Skysong for 2017. SKYSONG, INC. Condensed Balance Sheet May 31, 2017For the Year Ended May 31, 2017. For the Month Ended May 31, 2017. $ (in millions)PercentAssets Current Assets $9,550 %Property, plant, and equipment (net) 2,050 %Other assets 1,480 %Total assets $13,080 %Liabilities and Stockholders' Equity Current Liabilities $3,230 %Long-term Liabilities 1,270 %Stockholder's equity 8,580 %Total liabilities and stockholders' equit$13,080 %