Below are comparative balance sheets for the Gilmour Company.

Instructions(a) Prepare a comparative balance sheet of Gilmour Company showing the percent each item is of the total assets or total liabilities and stockholders' equity.(b) Prepare a comparative balance sheet of Gilmour Company showing the dollar change and the percent change for each item.(c) Of what value is the additional information provided in part (a)?(d) Of what value is the additional information provided in part(b) ?

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GILMOUR COMPANY COMPARATIVE BALANCE SHEET As OF DECEMBER 31, 2013 AND 2012 December 31 2013 2012 Assets $ 180,000 220,000 270,000 1,060,000 $ 275,000 Cash Accounts receivable (net) 155,000 150,000 980,000 25,000 1,950,000 (750,000) Short-term investments Inventories Prepaid expenses Fixed assets 25,000 2,585,000 (1,000,000) Accumulated depreciation $3,340,000 $2,785,000 Liabilities and Stockholders' Equity $ 50,000 170,000 450,000 2,100,000 $ 75,000 200,000 190,000 1,770,000 550,000 $2,785,000 Accounts payable Accrued expenses Bonds payable Capital stock Retained earnings 570,000 $3,340,000