Check my Prepare a vertical analysis of the balance sheets for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) SOLOMON COMPANY Vertical Analysis of Balance Sheets Year 4 Amount Percentage of Total Year 3 Amount Percentage of Total es % Assets Current assets Cash Marketable securities Accounts receivable (not) Inventories Prepaid items Total current assets Investments $ 16,200 21,300 55,300 135,600 26,700 255,100 27.0001 % $ 12,700 7,900 47.900 143,400 10,400 222,300 20,4001 270,600 29,800 327,400 $ 582,500 255,200 25,500 301,100 $ 523,400 Plant (net) Land Total long-term assets Total assets Liabilities and stockholders' equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities $ $ 16,100 113,800 20,400 150,300 6,000 98,200 13,600 117,800 98,300 30,200 128,500 278 ann! 98,300 25,700 124,000 Total liabilitice 241 Anar 150,300 117,800 98,300 30,200 128,500 278,800 98,300 25,700 124,000 241,800 Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10,4% cumulative, nonparticipating; 7,600 shares authorized and issued) Common stock (no par: 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 76,000 76,000 76,000 151,700 303,700 $ 582,500 76,000 129,600 281,600 $ 523,400 % u Prepare a vertical analysis of an income statements for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).). Year 3 Amount Percentage of Total nces SOLOMON COMPANY Vertical Analysis of Income Statements Year 4 Amount Percentage of Total Revenues Sales (net) $ 231,000 % Other revenues 8,700 Total revenues 239,700 Expenses Cost of goods sold 119,200 Selling, general, and administrative expense 53,500 Interest expense 6,100 Income tax expense 22,7001 % $ 211,200 5,100 216,300 102,400 48.200 5,300 21,700 % % $ 231,000 8,700 239,700 $ 211,200 5,100 216,300 Sales (net) Other revenues Total revenues Expenses Cost of goods sold Selling, general, and administrative expense Interest expense Income tax expense Total expenses es 119,200 53,500 6,100 22,700 201,500 $ 38,200 102,400 48,200 5,300 21,700 177,600 $ 38,700 Net income %