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Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. Prepare the 2018 and 2019 common-size balance sheets for Bethesda Mining. (Do
Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. Prepare the 2018 and 2019 common-size balance sheets for Bethesda Mining. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 Assets Current assets Cash $ % $ % Accounts receivable % % 40,010 60,281 128,441 228,732 51,181 80,639 194,689 326,509 % % Inventory Total $ % $ % Fixed assets % $ % $ $ 657,747 886,479 589,478 915,987 % $ % Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable $ 191,922 % $ % 87,020 % % 199,611 138,588 338,199 177,750 Total $ 278,942 % $ % AEA $ 241,000 % $ % $ % $ % Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity % 214,000 152,537 366,537 886,479 % % 214,000 186,038 400,038 915,987 $ $ % $ % $ %
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