23-5 Company A reported the following balance sheet data for the most recent three years:

Description	Year 3	Year 2	Year 1
Cash	$8,000	$8,000	$6,000
Accounts receivable	$18,000	$37,000	$18,000
Inventory	$36,000	$47,000	$36,000
Current assets	$62,000	$92,000	$60,000
Property, plant, and equipment (net)	$138,000	$126,000	$123,000
Total assets	$200,000	$218,000	$183,000
Accounts payable	$28,000	$39,000	$21,000
Short-term debt	$15,000	$20,000	$15,000
Current liabilities	$43,000	$59,000	$36,000
Long-term debt	$52,000	$65,000	$58,000
Total liabilities	$95,000	$124,000	$94,000
Paid-in capital	$19,000	$19,000	$19,000
Retained earnings	$86,000	$75,000	$70,000
Total liabilities and equities	$200,000	$218,000	$183,000

Prepare the Assets section of a common-size balance sheet for each year. (Note: Refer to Practice 23-3 for sales data).

Sales data Table 23-3

Description	Year 3	Year 2	Year 1
Sales	$330,000	$260,000	$300,000
Cost of goods sold	(163,000)	(144,000)	(156,000)
Operating expenses:
Marketing expense	(21,000)	(21,000)	(21,000)
R&D expense	(27,000)	(6,000)	(14,000)
Administrative expense	(45,000)	(50,000)	(48,000)
Operating income	$74,000	$39,000	$60,000
Interest expense	(6,000)	(11,000)	(7,000)
Income before income taxes	$68,000	$28,000	$53,000
Income tax expense	(25,000)	(8,000)	(20,000)
Net income	$43,000	$20,000	$33,000