Analysis: The balance sheet data of Randolph Company for two recent years appear below:

Assets:	Year 2	Year 1
Current assets	$ 440	$ 280
Plant assets	675	520
Total assets	$1,115	$ 800
Liabilities and stockholders' equity:
Current liabilities	$ 280	$ 120
Long-term debt	250	160
Common stock	325	320
Retained earnings	260	200
Total liabilities and stockholders' equity	$ 1,115	$ 800

Instructions:

1. Using horizontal analysis, show the percentage change for each balance sheet item using Year 1 as a base year.
2. Using vertical analysis, prepare a comparative balance sheet.

Round percentages to one decimal place. Manufacturing:

Instructions

1. Determine the amounts of the missing items, identifying them by letter.

Answer

Check Figure: On Company, $800,800

2. Prepare On Company's statement of cost of goods manufactured for December.

3. Prepare On Company's income statement for December.