Trend Analysis and Common-Size Statements Ryan Company furnished the condensed data shown in Exhibit 12-17.

1. Prepare a trend analysis for Ryan's income statements and balance sheets that compares 20X3 with 20X2. 2. Prepare common-size income statements for 20X3 and 20X2 and common-size balance sheets for December 31, 20X3 and December 31, 20X2 for Ryan Company. 3. Comment on Ryan Company's performance and position for 20X3 compared with 20X2.