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Express the following balance sheets for Jackson Company in common-size percentages. Jackson Company Balance Sheets For the years ended December 31 Assets Cash Accounts
Express the following balance sheets for Jackson Company in common-size percentages. Jackson Company Balance Sheets For the years ended December 31 Assets Cash Accounts receivable Merchandise inventory Prepaid insurance Long-term investments Plant assets (net) Total assets Liabilities and Equity Current liabilities Common stock Long-term liabilities Retained earnings Total liabilities and equity Year 2 Year 1 $ 43,000 38,000 $ 22,000 42,000 61,000 6,000 49,000 218,000 $ 415,000 $ 62,000 45,000 150,000 158,000 52,000 9,000 20,000 218,000 $ 363,000 $ 75,000 36,000 150,000 102,000 $ 415,000 $ 363,000 Please submit your file attachment response in one of the approved file formats; Word file (.doc or .docx), Excel file (.xls or .xlsx), or PDF. To submit photo or image files please paste them into Word or PDF. Consult with your instructor as needed on their preferred file attachment format.
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