Patterson Printing Company Balance Sheet, December 31, 2016 Cash and marketable securities Accounts receivable $470 Inventory Total current assets Net property, plant, and equipment Total assets Accounts payable Short-term debt Total current liabilities Long-term liabilities Total liabilities Total common stockholders' equity Total liabilities and stockholders' equity 5,950 9,450 $15,870 17,020 $32,890 $7,200 6,750 $13,950 7,030 7,030 $20,980 11,910$32,890 Patterson Printing Company Income Statement for the Year Ended December 31, 2016 Revenues Cost of goods sold Gross profit Operating expenses Net operating income Interest expense Earnings before taxes Income taxes Net income $29,960 (19,990) (19,990) $9,970 (7,970) $2,000 (870) $1,130 (411) $719 (Preparing common-sixe financial statements) As the newest hire to the frnancial analysis group at Pacterson Printing Company, you have been asked to parform a basis Inancia analysis of the company's most recent financial statements. The 2016 balance sheet and income statement for the Pabernon are shown here: a. After discussing your training asigrement with a fellow analyst who was hired last yeat, you learn that the first step in your completing the assigrment is to prepare a common-sizil balunce shent for Patterson. b. The second step is to prepare a common-size income statement for the firm. a. Ater discussing your training asignment with a foliow analyat who was Hired last year, you learn that the frst step in your completing the assignnont is to propare a commonsize baiance sheet for Patierson. Complete the cornmon-size balanco sheet below: (Riound to one decimal place)