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Balance sheet data for a company for the years ended December 31, 20Y2 and 20Y1, are shown below. 20Y2 20Y1 Current assets $ 752.000 $
Balance sheet data for a company for the years ended December 31, 20Y2 and 20Y1, are shown below. 20Y2 20Y1 Current assets $ 752.000 $ 602,000 Property, plant, and equipment 6,248,000 5,397,000 Intangible assets 1,000,000 1,001,000 Current liabilities 504,000 427,000 Long-term liabilities 1,504,000 1,197,000 Common stock 1.248,000 1,253,000 Retained earnings 4,744,000 4,123,000 Prepare a comparative balance sheet for 20Y2 and 2041, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. Round your answers to one decimal place. Income statement data for Cascade Images Inc. for the years ended December 31, 2015 and 20Y4, are as follows: 20Y5 2014 Sales $500,000 $ 400,000 Cost of goods sold (320,000) (250,000) Gross profit $ 180,000 $ 150,000 Selling expenses $(35,000) $ (30,000) Administrative expenses (25,000) (25,000) Total operating expenses $ (60,000) $(55,000) Income before income tax $ 120,000 $ 95,000 Income tax expenses (45,000) (40,000) Net income $ 75,000 $ 55,000 Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for 2015 when compared with 20Y4. Round percentage answers to one decimal place
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