Common-size financial statements. The balance sheet information for two companies is in the popup window: B. Complete the common-size balance sheet for these companies. Review each company's percentages of total assets. Are these companies operating with similar philosophies or in similar industries? What appears to be the major difference in financing for these two companies? Complete the table below: (Round up to two decimal places.) % of % of Total Balance Total Balance Co. 1 ASSETS Assets LIABILITIES Co. 1 Assets Current assets Cash % $ 12,300 $ 1,195 Investments % Accounts receivable Inventory $ 0 % Total current assets % $ % $ 13,495 2,847 4,917 Long-term investments Net plant, property and equipment % Current liabilities 5,211 % Accounts payable $ 4,009 % Short-term debt $ 8,136 % Other short-term $ 5,336 % liabilities $ 22,692 % Total current liabilities 84 % Long-term debt Other liabilities 9,791 % Total liabilities 5,374 % OWNERS' EQUITY 6,106 % Common stock 3,693 % Treasury stock Retained earnings Total owners' equity TOTAL LIABILITIES $ 47.740 100.00 % AND OWNERS' EQUITY $ 21,259 % Goodwill Intangible $ $ % Other 3,040 $ -6,645 $ 30,086 $ 26,481 % % % TOTAL ASSETS $ 47,740 100.00 %