20 Required Prepare a vertical analysis of both the balance sheets and income statements for 2019 and 2018 Complete this question by entering your answers in the tabs below Analysis Ba Analysis Inc Sheet Stmt Prepare a vertical analysis of the balance sheets for 2019 and 2018. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) VERNON COMPANY Vertical Analysis of Balance Sheets 2019 2018 Amount Percentage of Total Percentage of Total Amount Assets Current assets $ 17,300 %| $ 13,900 Cash Marketable securities 20,200 7,200 Accounts receivable (net) 54,600 46,100 143,600 136,800 Prepaid items 25.300 11,000 221,800 Total current assets 254,200 28,000 21,800 Investments nn Analysis BAnalysis Inc Sheet Stmt Prepare a vertical analysis of the balance sheets for 2019 and 2018. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) VERNON COMPANY Vertical Analysis of Balance Sheets 2019 2018 Amount Percentage of Total Percentage of Total Amount Assets Current assets $ 17,300 %| $ 13,900 Cash Marketable securities 20.200 7,200 Accounts receivable (net) 54,600 46,100 143,600 136,800 Prepaid items 25,300 11,000 Total current assets 254,200 221,800 28,000 21,800 Investments Plant (net) 271,800 255,200 Land 29,500 24,800 301,800 Total long-term assets 329,300 $ 583,500 $523,600 Total assets Liabilities and stockholders' equity Liabilities Current liabilities Current liabilities $4,500 $ 15,800 Notes payable Accounts payable 113,200 100,000 Salaries payable 20.400 13,300 117,800 Total current liabilities 149,400 Noncurrent liabilities Bonds payable 99,200 99,200 Other 30,100 26,900 Total noncurrent liabilities 129,300 126,100 278,700 Total liabilities 243,900 Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating, 6,100 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued 61,000 61,000 61,000 61,000 Retained earnings 182.800 157,700 304,800 Total stockholders' equity 279,700 $583.500 %| $ 523,600 Total liabilities & stockholders' equity Analysis Bal Sheet Analysis Inc Stmt 20 Prepare a vertical analysis of an income statements for 2019 and 2018. (Percentages may not add exactly due to rounding Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45.) VERNON COMPANY Vertical Analysis of Income Statements 2019 2018 Amount Percentage of Total Amount Percentage of Total $ 231,900 %| $ 211,500 Sales (net) Other revenues 9,500 5.800 Total revenues 241,400 217,300 Expenses 118,700 101,400 Cost of goads sold Selling, general, and administrative expense 54,800 48,200 6,800 6,000 Interest expense Income tax expense 21,400 20,400 201,700 Total expenses 176,000 $ 39,700 % $ 41,300 Net income Analysis Bal Sheet Analysis Inc Stmt