Fill in the blanks in 2.a and solve 2.b please!

Crowley Building Supply sells various building materials to retail outlets. The company has just approached Sycamore State Bank requesting a $300,000 loan to strengthen the Cash account and to pay certain pressing short-term obligations. The company's financial statements for the most recent two years follow: Crowley Building Supply Comparative Balance Sheets This Year Last Year Assets Current assets: Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses $ 55,000 $ 140,000 18,000 285,000 587,000 25,000 473,000 947,000 18,000 Total current assets 1,493,000 1,638,620 1,055,000 1,543,580 Plant and equipment, net Total assets Liabilities and Stockholders' Equity $3,131,620 $2,598,580 Liabilities: Current liabilities Bonds payable, 8% 803,000 442,000 615,000 615,000 Total liabilities ,418,000 1,057,000 Stockholders' equity Preferred stock, $25 par, 7% Common stock, $10 par Retained earnings 315,000 507,000 891,620 315,000 507,000 719,580 Total stockholders' equity 1,713,620 1,541,580 Total liabilities and stockholders' Equity $3,131,620 2,598,580 Crowley Building Supply Comparative Income Statement and Reconciliation This Year Last Year Sales Cost of goods sold 5,015,000 4,357,000 3,430,000 3,866,000 Gross margin 1,149,000 927,000 534,000 Selling and administrative expenses 653,000 496,000 49,200 446,800 Net operating income 393,000 49,200 Interest expense Net income before taxes Income taxes (35%) Net income Dividends paid: 343,800 120,330 156,380 290,420 223,470 Preferred dividends 22,050 22,050 Common dividends Total dividends paid Net income retained Retained earnings, beginning of year Retained earnings, end of year 96,330 118,380 72,040 60,840 82,890 140,580 719,580 579,000 $ 891,620719,580 During the past year, the company has expanded the number of lines that it carries in order to stimulate sales and increase profits. It has also moved aggressively to acquire new customers. Sales terms are 2/10, n/30. All sales are on account. Assume that the following ratios are typical of companies in the building supply industry: Current ratio Acid-test ratio Average collection period Average sale period Debt-to-equity ratio Times interest earned Return on total assets Price-earnings ratio 2.5 1.2 18 days 50 days 0.75 6.0 10% 9 2. For both this year and last year a. Present the balance sheet in common-size form. (Round your percentage answers to 1 decimal place i.e., 0.123 is considered as 12.3. Due to rounding, figures may not fully reconcile down a column.) Crowley Building Supply Common-Size Balance Sheets This Year Last Year Assets Current assets: Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses 0.01 % 15.1 % 30.21 %L 5.4 % 0.71 % 11.01% 22.61 % Total current assets Plant and equipment, net Total assets 45.31 % 52.3 % 97.61 % 397 | 96 59.41 % 99.1% Liabilities and Stockholders' equity Liabilities: 25.6 % 19.71 % 45.31 % 17.01 % 23.7 % 40.71 % Current liabilities Bonds payable, 8% Total liabilities Stockholders' equity: 12.1 % 1951 % 27.71 % 59.31 % 100.01 % 10.01 % Preferred stock, $25 par, 7% Common stock, $10 par Retained earnings 10.01 % Total stockholders' equity Total liabilities and equity 55.3| 96 | Present the income statement in common-size form down through net income. (Round your percentage answers to 1 decimal place i.e., 0.123 is considered as 12.3. Due to rounding, figures may not fully reconcile down a column.) Crowley Building Supply Common-Size Income Statements This Year Last Year Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income 0.01% 0.01% 0.01% 5% 0.01% 0.01% 0.01% 0.01% 0.01%