Comparative Common-Size Balance Sheets Using the following data, (1) prepare comparative common-size balance sheets for Years 1 and 2 (standardized by sales) and (2) briefly outline any significant changes from Year 1 to Year 2. Sales for Year 1 were $80,000, and sales for Year 2 were $100,000.

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Year 2 Year 1 Assets Cash Accounts receivable Inventory Property, plant, and equipment (net) Total assets Liabilities and stockholders' equity Accounts payable Long-term debt Total liabilities Capital stock Retained earnings.. Total liabilities and stockholders' equity $ 4,000 8,000 $ 3,200 6,400 17,000 15,000 25,000 25,000 $54,000 $49,600 $ 9,000 20,000 $ 7,200 20,000 $29,000 $27,200 15,000 15,000 10,000 7,400 $54,000 $49,600