GILMOUR COMPANY
		Comparative Balance Sheet
		December 31, 2015 and 2014
					2015	2014
		Assets
		Cash			$180,000	$275,000
		Accounts receivable (net)			220,000	155,000
		Short-term investments			270,000	150,000
		Inventories			1,060,000	980,000
		Prepaid expenses			25,000	25,000
		Plant & equipment			2,585,000	1,950,000
		Accumulated depreciation			(1,000,000)	(750,000)
					$3,340,000	$2,785,000
		Liabilities and Stockholders' Equity
		Accounts payable			$50,000	$75,000
		Accrued expenses			170,000	200,000
		Bonds payable			450,000	190,000
		Capital stock			2,100,000	1,770,000
		Retained earnings			570,000	550,000
					$3,340,000	$2,785,000
	Instructions: (Round to two decimal places.)
	(a) Prepare a comparative balance sheet of Gilmour Company showing the percent each item is of the total assets or total liabilities and stockholders' equity.
	GILMOUR COMPANY
	Comparative Balance Sheet
	December 31, 2015 and 2014
			December 31
			2015		2014
	Assets
	Cash		Amount	Formula	Amount	Formula
	Accounts receivable (net)		Amount	Formula	Amount	Formula
	Short-term investments		Amount	Formula	Amount	Formula
	Inventories		Amount	Formula	Amount	Formula
	Prepaid expenses		Amount	Formula	Amount	Formula
	Plant & equipment		Amount	Formula	Amount	Formula
	Accumulated depreciation		Amount	Formula	Amount	Formula
	Total		Formula	Formula	Formula	Formula
	Liabilities and Stockholders Equity
	Accounts payable		Amount	Formula	Amount	Formula
	Accrued expenses		Amount	Formula	Amount	Formula
	Bonds payable		Amount	Formula	Amount	Formula
	Capital stock		Amount	Formula	Amount	Formula
	Retained earnings		Amount	Formula	Amount	Formula
	Total		Formula	Formula	Formula	Formula
	(b) Prepare a comparative balance sheet of Gilmour Company showing the dollar change and the percentage change for each item.
	GILMOUR COMPANY
	Comparative Balance Sheet
	December 31, 2015 and 2014
			December 31		Increase or (Decrease)
	Assets		2015	2014	$ Change	% Change
	Cash		Amount	Amount	Formula	Formula
	Accounts receivable (net)		Amount	Amount	Formula	Formula
	Short-term investments		Amount	Amount	Formula	Formula
	Inventories		Amount	Amount	Formula	Formula
	Prepaid expenses		Amount	Amount	Formula	Formula
	Plant & equipment		Amount	Amount	Formula	Formula
	Accumulated depreciation		Amount	Amount	Formula	Formula
	Total		Formula	Formula	Formula	Formula
	Liabilities and Stockholders Equity
	Accounts payable		Amount	Amount	Formula	Formula
	Accrued expenses		Amount	Amount	Formula	Formula
	Bonds payable		Amount	Amount	Formula	Formula
	Capital stock		Amount	Amount	Formula	Formula
	Retained earnings		Amount	Amount	Formula	Formula
	Total		Formula	Formula	Formula	Formula
	(c) Of what value is the additional information provided in part (a)?
	Enter text answer as appropriate.
	(d) Of what value is the additional information provided in part (b)?
	Enter text answer as appropriate.