Prepare a vertical analysis of the balance sheets for 2019 and 2018. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).)

Prepare a vertical analysis of an income statements for 2019 and 2018. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).)

FINCH COMPANY Vertical Analysis of Balance Sheets 2019 Percentage of Total 2018 Amount Percentage of Total Amount % Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total long-term assets Total assets Liabilities and stockholders' equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities $ 16,200 21,700 54,800 135,600 26,800 255, 100 29,000 271,500 30,000 330,500 $ 585,600 $ 13,300 7,800 47,100 143,700 11,100 223,000 21,200 256,300 24,700 302,200 $ 525,200 $ $ 15,800 113,100 19,700 148,600 5,600 99,500 14,000 119,100 148,600 119,100 98,200 31,900 130,100 278,700 98,200 26,800 125,000 244,100 Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10,4% cumulative, nonparticipating; 7,600 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 76,000 76,000 154,900 306,900 $ 585,600 76,000 76,000 129,100 281,100 $ 525,200 % Amount 2018 Percentage of Sales FINCH COMPANY Vertical Analysis of Income Statements 2019 Amount Percentage of Sales Revenues Sales (net) $ 231,100 % Other revenues 8,900 Total revenues 240,000 Expenses Cost of goods sold 118,900 Selling, general, and administrative expense 53,300 Interest expense 7,700 Income tax expense 21,700 Total expenses 201,600 Net income $ 38,4001 % $ 211,700 5,500 217,200 101,500 48,800 6,900 20,700 177,900 39,300 $