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I am having trouble figuring this out can someone please assist me. Here is the problem: The balance sheet and the income statement at the

I am having trouble figuring this out can someone please assist me.

Here is the problem: The balance sheet and the income statement at the top are the amounts given in the problem. Need to come up with the solution in the bottom two sections: (starting at Here is what I have done so far which I have placed in Bold.)

Total Liabilities +14.4%Total Assets +11.1% - this is what the percentages should come to.

Allendale Company
Balance Sheet as of
31-Dec
2019 2018
Assets
Current Assets
Cash 40000 36000
Marketable Securities 20000 6000
Accounts Receivable (net) 54000 46000
Inventories 135000 143000
Prepaid Items 25000 10000
Total Current Assets 274000 241000
Investments 27000 20000
Plant (net) 270000 255000
Land 29000 24000
Total Assets 600000 540000
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Notes Payable 17000 6000
Accounts Payable 113800 100000
Salaries Payable 21000 15000
Total Current Liabilities 151800 121000
Noncurrent liabilities
Bonds Payable 100000 100000
Other 32000 27000
Total noncurrent liabilities 132000 127000
Total liabilities 283800 248000
Stockholder's Equity
Preferred Stock (par value $10, 4% cumulative, nonparticipating: 8000 shares authorized and issued) 80000 80000
Common Stock (no par, 50000 shares authorized, 10000 shares issued) 80000 80000
Retained Earnings 156200 132000
Total stockholders equity 316200 292000
Total liabilities and stockholders equity 600000 540000
Allendale Company
Income Statement as of
31-Dec
Revenues 2019 2018
Sales (net) 230000 210000
Other revenues 8000 5000
total revenues 238000 215000
Expenses
COGS 120000 103000
Selling, general and administrative 55000 50000
Interest expense 8000 7200
income tax expense 23000 22000
Total Expenses 206000 182200
Net earnings (net income) 32000 32800
Retained earnings, January 1 132000 107000
Less: preferred stock dividends 3200 3200
Common stock dividends 4600 4600
Retained earnings December 31 156200

132000

This is what I need help completing:

Horizontal Analysis of Balance Sheet The directions are to complete accounts and amounts

2019

2018

$

%

Amount

Amount

Difference

Difference

Assets

Cash

$ 40,000

$ 36,000

$ 4,000

11.11%

Total current assets

$ 274,000

$ 241,000

$ 33,000

11.4%

Investments

Total long-term assets

Total Assets

$ 600,000

$ 540,000

$ 60,000

11.1%

Liabilities

Total current liabilities

$ 151,800

$ 121,000

$ 30,800

12.5%

Total noncurrent liabilities

$ 132,000

$ 127,000

$ 5,000

10.4%

Total liabilities

$ 283,800

$ 248,000

$ 35,800

11.4%

Stockholders' Equity

Total stockholders' equity

$ 316,200

$ 292,000

$ 24,200

10.8%

Total Liabilities and Shareholders' Investment

$ 600,000

$ 540,000

$ 60,000

11.1%

Horizontal Analysis of Income Statement

(Income Statement)

2019

2018

Amount

Amount

Difference

% Difference

Revenues

Total Revenues

$ 238,000

$ 215,000

$ 23,000

11.06%

Expenses

Total Expenses

$ 206,000

$ 182,200

$ 23,800

11.30%

Net Income

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