Balance sheet data for Novak Company on December 31, the end of two recent fiscal years, follows:

1		Current Year	Previous Year
2	Current assets	$1,469,000.00	$1,030,000.00
3	Property, plant, and equipment	3,164,000.00	3,399,000.00
4	Intangible assets	1,017,000.00	721,000.00
5	Current liabilities	1,017,000.00	669,500.00
6	Long-term liabilities	1,582,000.00	1,751,000.00
7	Common stock	565,000.00	618,000.00
8	Retained earnings	2,486,000.00	2,111,500.00

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.

Balance Sheet

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.

Novak Company

Comparative Balance Sheet

For the Years Ended December 31, 20--

1		Current Year	Current Year	Previous Year	Previous Year
2		Amount	Percent	Amount	Percent
3	Assets
4	Current assets	$1,469,000.00		$1,030,000.00
5	Property, plant, and equipment	3,164,000.00		3,399,000.00
6	Intangible assets	1,017,000.00		721,000.00
7	Total assets	$5,650,000.00		$5,150,000.00
8	Liabilities
9	Current liabilities	$1,017,000.00		$669,500.00
10	Long-term liabilities	1,582,000.00		1,751,000.00
11	Total liabilities	$2,599,000.00		$2,420,500.00
12	Stockholders Equity
13	Common stock	$565,000.00		$618,000.00
14	Retained earnings	2,486,000.00		2,111,500.00
15	Total stockholders equity	$3,051,000.00		$2,729,500.00
16	Total liabilities and stockholders equity	$5,650,000.00		$5,150,000.00