INS:

Condensed data taken from the ledger of St. Louis Company at December 31, for the current and preceding years, are as follows:

	Year 2	Year 1
Current assets	$160,000	$130,000
Property, plant, and equipment	450,000	400,000
Intangible assets	20,700	30,000
Current liabilities	70,000	80,000
Long-term liabilities	210,000	250,000
Common stock	225,000	150,000
Retained earnings	125,700	80,000

Prepare a comparative balance sheet, with horizontal analysis, for December 31, Year 2 and Year 1. Round percents to one decimal point. Enter negative values as negative numbers.

Prepare a comparative balance sheet, with horizontal analysis, for December 31, Year 2 and Year 1. Round percents to one decimal point. Enter negative values as negative numbers.

St. Louis Company

Comparative Balance Sheet

December 31, Year 2 and Year 1

1				Increase (Decrease)	Increase (Decrease)
2	Assets	Year 2	Year 1	Amount	Percent
3	Current assets	$160,000.00	$130,000.00
4	Property, plant, and equipment	450,000.00	400,000.00
5	Intangible assets	20,700.00	30,000.00
6	Total assets	$630,700.00	$560,000.00
7	Liabilities
8	Current liabilities	$70,000.00	$80,000.00
9	Long-term debt	210,000.00	250,000.00
10	Total liabilities	$280,000.00	$330,000.00
11	Stockholders' Equity
12	Common stock	225,000.00	150,000.00
13	Retained earnings	125,700.00	80,000.00
14	Total stockholders' equity	$350,700.00	$230,000.00
15	Total liabilities and stockholders' equity	$630,700.00	$560,000.00		Please explain and show the answer. Thank you!

Instruction Condensed data taken from the ledger of St. Louis Company at December 31, for the current and preceding years, are as follows: Year 2 Year 1 Current assets $160,000 $130,000 Property, plant, and equipment 450,000 400,000 Intangible assets 20,700 30,000 Current liabilities 70,000 80,000 Long-term liabilities 210,000 250,000 Common stock 225,000 150,000 Retained earnings 125,700 80,000 Prepare a comparative balance sheet, with horizontal analysis, for December 31, Year 2 and Year 1. Round percents to one decimal point. Enter negative values as negative numbers. Comparative Balance Sheet Prepare a comparative balance sheet, with horizontal analysis, for December 31, Year 2 and Year 1. Round percents to one decimal point. Enter negative values as negative numbers. St. Louis Company Comparative Balance Sheet December 31, Year 2 and Year 1 Increase Increase 1 (Decrease) (Decrease) 2 Assets Year 2 Year 1 Amount Percent 3 Current assets $160,000.00 $130,000.00 4 Property, plant, and equipment 450,000.00 400,000.00 Intangible assets 20,700.00 30,000.00 6 Total assets $630,700.00 $560,000.00 7 Liabilities 8 Current liabilities $70,000.00 $80,000.00 9 Long-term debt 210,000.00 250,000.00 10 Total liabilities $280,000.00 $330,000.00 11 Stockholders' Equity 12 Common stock 225,000.00 150,000.00 13 Retained earnings 125,700.00 80,000.00 14 Total stockholders' equity $350,700.00 $230,000.00 15 Total liabilities and stockholders' equity $630,700.00 $560,000.00