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Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current assets Property, plant, and equipment Intangible
Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current assets Property, plant, and equipment Intangible assets Current liabilities Long term habilities Common stock Retained earnings Current Year Previous Year $311,170 622,340 $185,150 555,450 139,490 64,400 225,330 112,700. 429,200 346,150 128,760 112,700 289,710 233,450 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total abilities and stockholders' equity. If required, round percentages to one decimal place. Kwan Commany Prepare a comparative balance sheet for both years, 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. If required, round percentages to one decimal place. Kwan Company Comparative Balance Sheet For the Years Ended December 311 Current Current year Amount Percent year year Previous Previous year Amount Percent Current assets Property, plant, and equipment Intangible assets Total assets Current liabilities Long term liabilities $311,170 $185,1501 622,340 555,450 139,490 64,400 $1,073,000 $805,000 $225,330 $112,700 429,200) 346,150 Common stock 128,760 112,700 Retained earnings 289,710 233,450 Total liabilities and stockholders' equity $1,073,000. $805,000
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