3) Express the following balance sheets for Safety Company in common-size percentages. Safety Company Balance Sheets. Assets Cash For the years ended December 31 Year 2 Accounts receivable Merchandise inventory Prepaid insurance Long-term investments Plant assets (net) Total assets Liabilities and Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and equity $ 43,000 38,000 61,000 6,000 49,000 218,000 $ 415,000 $ 62,000 45,000 150,000 158,000 $ 415,000 Year 1 $ 22,000 42,000 52,000 9,000 20,000 218,000 $363,000 $ 75,000 36,000 150,000 102,000 $363,000

3) Express the following balance sheets for Safety Company in common-size percentages