Please answer this question. Write it clearly please.

Express the following balance sheets for Jackson Company in common-size percentages. Round all answers to the nearest tenth percent (0.1%) Jackson Company Balance Sheets For the years ended December 31 Year 2 Year 1 Assets Cash $ 43,090 $ 22, 000 Accounts receivable 38,000 42,060 Merchandise inventory 61, 098 52, 000 Prepaid insurance 6,090 9, 0e0 Long-term investments 49,000 20, 060 Plant assets (net) 218,000 218,000 Total assets $ 415,000 $ 363,000 Liabilities and Equity Current liabilities $ 62,000 $ 75,000 Long-term liabilities 45, 090 36,000 Common stock 150,000 150, 000 Retained earnings 158, 000 102, 080 Total liabilities and equity $ 415,000 $ 363,000 Please submit your file attachment response in one of the approved file formats; Word file (.doc or .docx), Excel file (.xIs or .xIsx), or PDF. To submit photo or image files please paste them into Word or PDF. Consult with your instructor as needed on their preferred file attachment format