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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 liabilities Common stock Retained earnings Current Year Previous Year $331,840 $190,320 536,800 490,440 107,360 51,240 195,200 95,160 429,440 358,680 87,840 95,160 263,520 183,000 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 31 Current year year Amount Percent Current Previous Previous year Amount Percent year Current assets $331,840 % $190,320 % Property, plant, and equipment 536,800 % 490,440 % Intangible assets 107,360 906 % 51,240 % Total assets $976,000 % $732,000 %
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