Suppose the comparative balance sheets of nike, inc. are presented here. nike, inc. condensed balance sheet may 31 ($ in millions) 2017 2016 assets current assets $9,600 $8,790 property, plant, and equipment (net) 1,810 1,800 other assets 1,580 1,710 total assets $12,990 $12,300 liabilities and stockholders' equity current liabilities $3,170 $3,300 long-term liabilities 1,230 1,390 stockholders’ equity 8,590 7,610 total liabilities and stockholders' equity $12,990 $12,300 (a) prepare a horizontal analysis of the balance sheet data for nike, using 2016 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. 12.5%.)

Kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 4.00 variable manufacturing overhead $ 1.50 fixed manufacturing overhead $ 5.00 fixed selling expense $ 3.50 fixed administrative expense $ 2.50 sales commissions $ 1.00 variable administrative expense $ 0.50 required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?