1.Prepare a common-size comparative balance sheet for 2017 and 2016.

2. Prepare a comparative income statement showing the percentage increases or decreases for 2017 over 2016.

\begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ExtertorPrayinc.CompariatweincomestatementForYearsEndedDecenber34,2017and2016} \\ \hline & \multicolumn{2}{|r|}{2017} & \multicolumn{2}{|r|}{2016} \\ \hline Net sales..... & \multirow{2}{*}{\multicolumn{2}{|c|}{$2,486,0001,523,000}} & \multirow{2}{*}{\multicolumn{2}{|c|}{$2,075,0001.222,000}} \\ \hline Cost of goods sold.. & & & & \\ \hline Gross profit from sales........... & $ & 963,000 & $ & 853,000 \\ \hline \multicolumn{5}{|l|}{ Operating expenses: } \\ \hline Adverusing expense ............. & $ & 145.000 & $ & 100,000 \\ \hline Sales salanes expense ....... & & 240.000 & & 280.000 \\ \hline Omce salanes expense....... & & 165.000 & & 200.000 \\ \hline Insurance expense ................ & & 100.000 & & 45.000 \\ \hline Supplies expense .................... & & 26.000 & & 35.000 \\ \hline Depreciation expense ........... & & 85.000 & & 75,000 \\ \hline Miscellaneous expenses .... & & 17,000 & & 15.000 \\ \hline Total operating expenses.... & $ & 778,000 & & 750,000 \\ \hline Operating income ....................... & $ & 185.000 & & 103.000 \\ \hline Less interest expense .......... & & 44,000 & & 46.000 \\ \hline Profrt before taxes.... & $ & 141.000 & & 57.000 \\ \hline Income taxes..... & & 47,000 & & 19,000 \\ \hline Profit & $ & 94,000 & & 38,000 \\ \hline Earnings per share & $ & 0.99 & $ & 0.40 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ExterlorPlayInc.ComparativeBalanceSheetDecember31} \\ \hline & & 2017 & & 2016 \\ \hline \multicolumn{5}{|l|}{ Assets } \\ \hline \multicolumn{5}{|l|}{ Current assets: } \\ \hline Cash & $ & 79,000 & $ & 42,000 \\ \hline & & 65.000 & & 96.000 \\ \hline Accounts reconable (not).... & & 120,000 & & 100,000 \\ \hline & & 250.000 & & 265,000 \\ \hline Total current assets ............. & $ & 514.000 & $ & 503,000 \\ \hline \multicolumn{5}{|l|}{ Property. plant, and equipment: } \\ \hline Land & $ & 100,000 & $ & 100.000 \\ \hline Store equipment (net) ......... & & 400,000 & & 350.000 \\ \hline Ornce equipment (net) ........ & & 45.000 & & 50.000 \\ \hline Bullaings (net) ...................... & & 625,000 & & 675.000 \\ \hline Totalproperty.plant,andequipment............................. & & 170.000 & & 1,175.000 \\ \hline Total assets .................. & & 684,000 & & 1.678 .000 \\ \hline \multicolumn{5}{|l|}{ Labinties } \\ \hline \multicolumn{5}{|l|}{ Current llabilities: } \\ \hline Accounts payable & \$ & 164,000 & $ & 190,000 \\ \hline Current notes payable .......... & & 75.000 & & 90.000 \\ \hline Taxes payable & & 26.000 & & 12,000 \\ \hline Total current liabilities ......... & s & 265,000 & $ & 292,000 \\ \hline \multicolumn{5}{|l|}{ Noncurrent liabilitues: } \\ \hline Notespayable(securedbymortgageonbullding & & & & \\ \hline & & 400,000 & & 420,000 \\ \hline Total tiabilitues............ & $ & 665,000 & $ & 712,000 \\ \hline \multicolumn{5}{|l|}{ Equity } \\ \hline \multicolumn{5}{|l|}{ Contributed capital: } \\ \hline & $ & 475,000 & $ & 475,000 \\ \hline Retained earnings ......... & & 544,000 & & 491,000 \\ \hline Total equity..................... & & .019,000 & 5 & 966,000 \\ \hline Tocal tablirios and equry .. & & 1,684,000 & $1 & 1,678,000 \\ \hline \end{tabular}