Following are the balance sheets for Howard's Hammocks for December 31, 2012, and 2011:

Required:

Using the following income statement figures, prepare common-size statements for 2012 and 2011. Enter a negative amount using a minus sign. If required, round your answers to two decimal places. Do not enter a percent sign in your percentage-based answers. NOTE: The total percentages may not equal 100% due to rounding.

Howard's Hammocks Comparative Balance Sheets
	2012		Percent		2011		Percent
Cash	$130,000		%		$110,000		%
Accounts receivable	130,000		%		120,000		%
Inventory	225,000		%		215,000		%
Prepaid insurance	25,000		%		30,000		%
Total current assets	$510,000		%		$475,000		%
Long-term investments	$110,000		%		$75,000		%
Land	200,000		%		175,000		%
Property and equipment	215,000		%		95,000		%
Accumulated depreciation	(105,000)		%		(80,000)		%
Total long-term assets	$420,000		%		$265,000		%
Total assets	$930,000		%		$740,000		%
Accounts payable	$60,000		%		$50,000		%
Payroll payable	10,000		%		8,000		%
Taxes payable	10,000		%		9,000		%
Total current liabilities	$80,000		%		$67,000		%
Notes payable	100,000		%		80,000		%
Capital stock	500,000		%		400,000		%
Retained earnings	250,000		%		193,000		%
Total liabilities and stockholders' equity	$930,000		%		$740,000		%