Preparing Common Size Statements The financial statements for Venus Industries follow: Venus Industries Consolidated Income Statements (in thousands, except per share data) Year ended December 31, 2023 2022 2021 Revenues $4,578,041 $3,864,324 $3,003,610 Costs and expenses: Cost of goods sold $2,227,189 $2,089,089 $2,005,691 Selling and administrative 922,261 836,212 664,061 Interest 29,744 32,966 30,472 Other expenses (income) 1,475 2,141 (43) Total costs and expenses $3,180,669 $2,960,408 $2,700,181 Income before income taxes $1,397,372 $903,916 $303,429 Income taxes 229,500 192,600 174,700 Net income $1,167,872 $711,316 $128,729 Venus Industries Consolidated Balance Sheets (in thousands) December 31, ASSETS 2023 2022 Current assets: Cash and equivalents $291,284 $260,050 Accounts receivable, less allowance for doubtful accounts of $19,447 and $20,046 826,977 616,064 Inventories 592,986 512,917 Deferred income taxes 26,378 28,355 Prepaid expenses 40,663 32,977 Total current assets $1,778,288 $1,450,363 Property, plant, and equipment $571,032 $497,795 Less accumulated depreciation (193,037) (151,758) Net property, plant, and equipment $377,995 $346,037 Goodwill 174,326 110,363 Other assets 30,927 24,701 Total assets $2,361,536 $1,931,464 LIABILITIES AND STOCKHOLDERS EQUITY Current liabilities: Current portion of long-term debt $52,985 $3,652 Notes payable 108,165 105,696 Accounts payable 135,701 134,729 Accrued liabilities 138,563 134,089 Income taxes payable 17,150 42,422 Total current liabilities $452,564 $420,588 Long-term debt 15,033 77,022 Noncurrent deferred income taxes 29,965 27,074 Other noncurrent liabilities 43,575 23,728 Commitments and contingencies 0 0 Redeemable preferred stock 300 300 Total liabilities $541,437 $548,712 Stockholders equity: Common stock at stated value: Class A convertible26,691 and 26,919 shares outstanding $155 $161 Class B49,161 and 48,591 shares outstanding 2,720 2,716 Capital in excess of stated value 108,451 93,799 Treasury stock (common at cost) (7,790) (6,860) Retained earnings 1,716,563 1,292,936 Total stockholders equity $1,820,099 $1,382,752 Total liabilities and stockholders equity $2,361,536 $1,931,464 Required: Question Content Area 1. Prepare 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". Utilize 2021 as the base year for both 2022 and 2023. You do not need to include the actual dollar amounts shown above. Venus Industries Consolidated Income Statements Year ending December 31, blank 2023 2022 2021 Revenues fill in the blank 85ded102ff95fdb_1 % fill in the blank 85ded102ff95fdb_2 % fill in the blank 85ded102ff95fdb_3 % Costs and expenses: Cost of goods sold fill in the blank 85ded102ff95fdb_4 % fill in the blank 85ded102ff95fdb_5 % fill in the blank 85ded102ff95fdb_6 % Selling and administrative fill in the blank 85ded102ff95fdb_7 % fill in the blank 85ded102ff95fdb_8 % fill in the blank 85ded102ff95fdb_9 % Interest fill in the blank 85ded102ff95fdb_10 % fill in the blank 85ded102ff95fdb_11 % fill in the blank 85ded102ff95fdb_12 % Other expenses (income) fill in the blank 85ded102ff95fdb_13 % fill in the blank 85ded102ff95fdb_14 % fill in the blank 85ded102ff95fdb_15 % Total costs and expenses fill in the blank 85ded102ff95fdb_16 % fill in the blank 85ded102ff95fdb_17 % fill in the blank 85ded102ff95fdb_18 % Income before income taxes fill in the blank 85ded102ff95fdb_19 % fill in the blank 85ded102ff95fdb_20 % fill in the blank 85ded102ff95fdb_21 % Income taxes fill in the blank 85ded102ff95fdb_22 % fill in the blank 85ded102ff95fdb_23 % fill in the blank 85ded102ff95fdb_24 % Net income fill in the blank 85ded102ff95fdb_25 % fill in the blank 85ded102ff95fdb_26 % fill in the blank 85ded102ff95fdb_27 % Question Content Area 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 "0". Venus Industries Consolidated Balance Sheet blank ASSETS December 31, 2023 December 31, 2022 Current assets: Cash and equivalents fill in the blank e0cbc3fcbfca059_1 % fill in the blank e0cbc3fcbfca059_2 % Accounts receivable, less allowance for doubtful accounts of $19,447 and $20,046 fill in the blank e0cbc3fcbfca059_3 % fill in the blank e0cbc3fcbfca059_4 % Inventories fill in the blank e0cbc3fcbfca059_5 % fill in the blank e0cbc3fcbfca059_6 % Deferred income taxes fill in the blank e0cbc3fcbfca059_7 % fill in the blank e0cbc3fcbfca059_8 % Prepaid expenses fill in the blank e0cbc3fcbfca059_9 % fill in the blank e0cbc3fcbfca059_10 % Total current assets fill in the blank e0cbc3fcbfca059_11 % fill in the blank e0cbc3fcbfca059_12 % Property, plant, and equipment fill in the blank e0cbc3fcbfca059_13 % fill in the blank e0cbc3fcbfca059_14 % Less accumulated depreciation fill in the blank e0cbc3fcbfca059_15 % fill in the blank e0cbc3fcbfca059_16 % Net property, plant, and equipment fill in the blank e0cbc3fcbfca059_17 % fill in the blank e0cbc3fcbfca059_18 % Goodwill fill in the blank e0cbc3fcbfca059_19 % fill in the blank e0cbc3fcbfca059_20 % Other assets fill in the blank e0cbc3fcbfca059_21 % fill in the blank e0cbc3fcbfca059_22 % Total assets fill in the blank e0cbc3fcbfca059_23 % fill in the blank e0cbc3fcbfca059_24 % LIABILITIES AND STOCKHOLDERS' EQUITY blank blank Current liabilities: Current portion of long-term debt fill in the blank e0cbc3fcbfca059_25 % fill in the blank e0cbc3fcbfca059_26 % Notes payable fill in the blank e0cbc3fcbfca059_27 % fill in the blank e0cbc3fcbfca059_28 % Accounts payable fill in the blank e0cbc3fcbfca059_29 % fill in the blank e0cbc3fcbfca059_30 % Accrued liabilities fill in the blank e0cbc3fcbfca059_31 % fill in the blank e0cbc3fcbfca059_32 % Income taxes payable fill in the blank e0cbc3fcbfca059_33 % fill in the blank e0cbc3fcbfca059_34 % Total current liabilities fill in the blank e0cbc3fcbfca059_35 % fill in the blank e0cbc3fcbfca059_36 % Long-term debt fill in the blank e0cbc3fcbfca059_37 % fill in the blank e0cbc3fcbfca059_38 % Noncurrent deferred income taxes fill in the blank e0cbc3fcbfca059_39 % fill in the blank e0cbc3fcbfca059_40 % Other noncurrent liabilities fill in the blank e0cbc3fcbfca059_41 % fill in the blank e0cbc3fcbfca059_42 % Commitments and contingencies fill in the blank e0cbc3fcbfca059_43 % fill in the blank e0cbc3fcbfca059_44 % Redeemable preferred stock fill in the blank e0cbc3fcbfca059_45 % fill in the blank e0cbc3fcbfca059_46 % Total liabilities fill in the blank e0cbc3fcbfca059_47 % fill in the blank e0cbc3fcbfca059_48 % Stockholders' equity: Common stock at stated value: Class A convertible-26,691 and 26,919 shares outstanding fill in the blank e0cbc3fcbfca059_49 % fill in the blank e0cbc3fcbfca059_50 % Class B-49,161 and 48,591 shares outstanding fill in the blank e0cbc3fcbfca059_51 % fill in the blank e0cbc3fcbfca059_52 % Capital in excess of stated value fill in the blank e0cbc3fcbfca059_53 % fill in the blank e0cbc3fcbfca059_54 % Treasury stock (common at cost) fill in the blank e0cbc3fcbfca059_55 % fill in the blank e0cbc3fcbfca059_56 % Retained earnings fill in the blank e0cbc3fcbfca059_57 % fill in the blank e0cbc3fcbfca059_58 % Total stockholders' equity fill in the blank e0cbc3fcbfca059_59 % fill in the blank e0cbc3fcbfca059_60 % Total liabilities and stockholders' equity fill in the blank e0cbc3fcbfca059_61 % fill in the blank e0cbc3fcbfca059_62 % Question Content Area 3. Indicate whether the proportion of dollars invested in the various categories of assets has changed significantly between 2022 and 2023. 4. Indicate whether the proportion of capital raised from the various liability categories and common stockholders' equity has changed significantly between 2022 and 2023.