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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

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

$1,742,000.00

$1,302,000.00

3

Property, plant, and equipment

4,087,000.00

4,216,000.00

4

Intangible assets

871,000.00

682,000.00

5

Current liabilities

1,139,000.00

1,116,000.00

6

Long-term liabilities

1,742,000.00

1,984,000.00

7

Common stock

670,000.00

682,000.00

8

Retained earnings

3,149,000.00

2,418,000.00

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.

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