Please, explain how to calculate, thanks.

Common size balance sheet 1. Calculate the total assets, liabilities, equity, & equity 2. Calculate the percentage that each line item contributes to the balance sheet to make the balance sheet a Common Size Balance Sheet (i.e. normalize the values by converting the data into a percentages).

Percent Assets Cash Inventory Supplies Prepaid Insurance Office Equipment Building Amount $14,400.00 $13,200.00 $21,298.00 $5,300.00 $26,400.00 $96,048.00 Total Assets ? calculate ? Liabilities Accounts Payable Notes Payable Mortgage Payable $32,500.00 $21,800.00 $23,400.00 Total Liabilities ? calculate ? Owner's Equity Capital Total Liabilities and Owner's Equity ? calculate ? ? calculate