Preparing Common Size Statements The financial statements for Venus Industries follow: Venus Industries Consolidated Balance Sheets (in thousands) ASSETS \begin{tabular}{c} December 31, \\ \hline 20232022 \\ \hline \end{tabular} Current assets: Cash and equivalents Accounts receivable, 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 \begin{tabular}{rr} 592,986 & 512,917 \\ 26,378 & 28,355 \\ 40,663 & 32,977 \\ \hline$1,778,288 & $1,450,363 \\ \hline$571,032 & $497,795 \\ (193,037) & (151,758) \\ \hline$377,995 & $346,037 \\ 174,326 & 110,363 \\ 30,927 & 24,701 \\ \hline$2,361,536 & $1,931,464 \\ \hline \end{tabular} LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current portion of long-term debt $52,985$3,652 Notes payable 108,165105,696 Accounts payable 135,701134,729 Accrued liabilities 138,563134,089 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 Other noncurrent liabilities Commitments and contingencies Redeemable preferred stock Total liabilities \begin{tabular}{rr} 300 & 300 \\ \hline$541,437 & $548,712 \\ \hline \end{tabular} Stockholders' equity: Common stock at stated value: Class A convertible-26,691 and 26,919 shares outstanding Class B49,161 and 48,591 shares outstanding Capital in excess of stated value 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 "\$o" sian with your answer. For example, "100.00" or "20.72". Utilize 2021 as the base year for both 2022 and 2023. You do not need to include the actual dollar amounts shown above. 2. Prepare common size balance sheets to be used for vertical analygis for 2023 and 2072 . Enter your answers in percentage termis, rounded to two decimal places, and do not include the "Wo" sign with your answer. For example, "100.00" or "28.72". Percentages inay not calculate down because of rounding. You do not need to indude the actual dollar amounts shown above. If an answer box does not require an entry enter "o*". Venus Industries Consolidated Balance Sheet Total current assets Property, plant, and equpment Less accumulated depreciation Net property, plant, and equipment Goodwill Other assets Total assets LABIUTIES AND STOCKHOLDERS' EQUTTY Current liabilities: Current portion of long-term debt Notes payable Accounts gayable Accrued liabilities income taxes payable Total current llabilities Lond-term debt Noncurrent deferred incomal taves other noncurrent liabelities Commitmenti and contirgencies 3. Indicate whether the proportion of dollarWinvested in the various categories of assets has changed slonificantiy between 2022 and 2023. 4. Indicate whether the proportion of capital raised from the various fabbility categories and common stockholders' equity has changed significantly between 2022 and 2023