Preparing Common Size Statements The financial statements for Venus Industries follow: Venus industries Consolidated Balance Sheets (in thousands) ASSETS Current assets: Cash and equivalents Accounts recelvable, less allowance for doubtful accounts of $19,447826,977616,064 and $20,046 Inventories Deferred income taxes Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Goodwill Other assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current portion of long-term debt Notes payable $52,985108,165$3,652105,696 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current portion of long-term debt Notes payable Accounts payable Accrued liabilities Income taxes payable Total current liabilities \begin{tabular}{rr} 17,150 & 42,422 \\ \hline$452,564 & $420,588 \end{tabular} Long-term debt Noncurrent deferred income taxes Other noncurrent liabilities Commitments and contingencies Redeemable preferred stock Total liabilities Stockholders' equity: Common stock at stated value: Class A convertible 26,691 and 26,919 shares outstanding Class B-49,161 and 48,591 shares outstanding Capital in excess of stated value Treasury stock (common at cost) Retained earnings Total stockholders' equity \begin{tabular}{rr} $155 & $161 \\ 2,720 & 2,716 \\ 108,451 & 93,799 \\ (7,790) & (6,860) \\ 1,716,563 & 1,292,936 \\ \hline$1,820,099 & $1,382,752 \end{tabular} 1. Prepore common size income statements to be used for horizontal analysis for Venus for 2021 to 2023. Enter your answers in percentage terms, rounded to two decimal places, and do not include the "\%" sign with your answer. For example, "100.00" or "28.72". Utilire 2021 as the base year for both 2022 and 2023. You do not need to inctude the actual dollar amounts shown above. 2. Prepare common size balance sheets to be used for vertical analysis for 2023 and 2022 . Enter your answers in percentage terms, rounded to two decimal 2. Prepare common size balance sheets to be used for vertical analysis for 2023 and 2022 . Enter your answers in percentage terms, rounded to two decimal places, and do not include the "\%" sign with your answer. For example, "100.00" or "28.72". Percentages may not calculate down because of rounding. You do not need to include the actual dollar amounts shown above. If an answer box does not require an entry enter *o". Venus Industries Consolidated Balance Sheet LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current portion of long-term debt Notes payable Accounts payable Accrued liabilities Income taxes payable Total current liabilities Long-term debt Noncurrent deferred income taxes Other noncurrent liabilities Commitments and contingencies Redeemable preferred stock Total liabilities Stockholders' equity: Common stock at stated value: Class A convertible-26,691 and 26,919 shares outstanding Class 8-49,161 and 48,591 shares outstanding Capital in excess of stated value Treasury stock (common at cost) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 3. Indicate whether the proportion of dollars invested in the various categorles of assets has changed significantly between 2022 and 2023 . 4. Indicate whether the proportion of capital raised from the various hiability categories and common stockholders' equity has changed significantly between 2022 and 2023