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E Reading The following financial information is for Victory Lane Sporting Goods as of December 31, 2019: current assets, $174,300; property, plant, and equipment, $43,500;
E Reading The following financial information is for Victory Lane Sporting Goods as of December 31, 2019: current assets, $174,300; property, plant, and equipment, $43,500; investments and other assets, $39,100; current liabilities, $27,800; and long-term liabilities, $53,000. Calculate the owner's equity for 2019 and prepare a comparative balance sheet with horizontal analysis for 2018 and 2019. (Round percents to one decimal.) Victory Lane Sporting Goods Comparative Balance Sheet December 31, 2018 and 2019 Assets Increase (Decrease) Amount Percent 2019 2018 Current Assets $ $ $ % $ $ $ % Property, Plant, Equipment Investments & Other Assets $ $ $ % $ Total Assets $ $ % Liabilities & Owner's Equity Increase (Decrease) Amount Percent 2019 2018 $ % $ $ Current Liabilities $ % $ $ Long-Term Liabilities Total Liabilities $ % $ $ $ % $ Owners Equity $ % $ $ $ Total Liability & Owner's Equity 8:44 PM E Reading The following financial information is for Victory Lane Sporting Goods as of December 31, 2019: current assets, $174,300; property, plant, and equipment, $43,500; investments and other assets, $39,100; current liabilities, $27,800; and long-term liabilities, $53,000. Calculate the owner's equity for 2019 and prepare a comparative balance sheet with horizontal analysis for 2018 and 2019. (Round percents to one decimal.) Victory Lane Sporting Goods Comparative Balance Sheet December 31, 2018 and 2019 Assets Increase (Decrease) Amount Percent 2019 2018 Current Assets $ $ $ % $ $ $ % Property, Plant, Equipment Investments & Other Assets $ $ $ % $ Total Assets $ $ % Liabilities & Owner's Equity Increase (Decrease) Amount Percent 2019 2018 $ % $ $ Current Liabilities $ % $ $ Long-Term Liabilities Total Liabilities $ % $ $ $ % $ Owners Equity $ % $ $ $ Total Liability & Owner's Equity 8:44 PM
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