Alberta Playground Inc. produces, markets, distributes, and installs durable playground equipment. It is a new, growing playground distributor in Canada, and is hoping to expand to other provinces shortly. Its head office is in Edmonton, and its $2023$ and $2022$ balance sheets and income statements follow.

Alberta Playground Inc.

Balance Sheet $($$$000)$

Years Ended March $31$

$20232022$

Assets

Current assets

Cash and cash equivalents $ $79,291$ $ $56,619$

Receivables $462,607368,869$

Inventories $666,694571,254$

Prepaid expenses and other assets $51,48030,034$

Non$-$strategic investment $28,103360$

Other current assets $33,46328,782$

Total current assets $ $1,321,638$ $ $1,055,918$

Portfolio investment $041,343$

Property, Plant, & Equipment $1,099,1501,110,756$

Goodwill $855,030723,895$

Trademarks and other intangibles $344,438322,013$

Other assets $140,89396,366$

Total assets $ $3,761,149$ $ $3,350,291$

Liabilities

Current liabilities

Bank loans $ $172,389$ $ $63,372$

Accounts payable and accrued liabilities $576,479473,806$

Income taxes payable $200,438151,177$

Current portion of long$-$term debt $28,5598,999$

Total current liabilities $ $977,865$ $ $697,354$

Non$-$Current Liabilities

Long$-$term debt $382,080384,390$

Other liabilities $190,783155,169$

Total liabilities $ $1,550,728$ $ $1,236,913$

Equity

Common shares $ $635,675$ $ $602,749$

Retained earnings $1,574,7461,510,629$

Total equity $ $2,210,421$ $ $2,113,378$

Total liabilities and equity $ $3,761,149$ $ $3,350,291$

Alberta Playground Inc.

Income Statement $($$$000)$

Years Ended March $31$

$20232022$

Revenues $ $6,205,470$ $ $5,990,582$

Cost of sales, selling and administrative expenses $5,271,3305,154,511$

Depreciation and amortization expense $109,332118,006$

Operating profit $824,808718,065$

Interest on long$-$term debt $23,75130,441$

Other expenses $16,0636,961$

Earnings before income taxes $784,994680,663$

Income taxes $205,715169,789$

Profit $ $579,279$ $ $510,874$

Assume the common shares represent $205,630($thousand$)$ shares issued and outstanding for the entire year ended March $31,2023.$

Required:

$1.$ Prepare a common$-$size balance sheet and income statement on a comparative basis for $2023$ and $2022.($Round the final percentage answers to $2$ decimal places. Negative answers should be indicated by a minus sign.$)$