(Preparing common-size financial statements) As the newest hire to the financial analysis group at Patterson Printing Company, you have been asked to perform a basis financial analysis of the company's most recent financial statements. The 2016 balance sheet and income statement for the Patterson are shown here:

Patterson Printing Company
Balance Sheet, December 31, 2016
Cash and marketable securities	$500
Accounts receivable	6,000
Inventory	9,500
Total current assets	$16,000
Net property, plant, and equipment	17,000
Total assets	$33,000
Accounts payable	$7,200
Short-term debt	6,800
Total current liabilities	$14,000
Long-term liabilities	7,000
Total liabilities	$21,000
Total common stockholders' equity	12,000
Total liabilities and stockholders' equity	$33,000

		Patterson Printing Company
		Income Statement for the Year Ended December 31, 2016
		Revenues	$30,000
		Cost of goods sold	(20,000)
		Gross profit	$10,000
		Operating expenses	(8,000)
		Net operating income	$2,000
		Interest expense	(900)
		Earnings before taxes	$1,100
		Income taxes	(400)
		Net income

a. After discussing your training asignment with a fellow analyst who was hired last year, you learn that the first step in your completing the assignment is to prepare a common-size balance sheet for Patterson.

b. The second step is to prepare a common-size income statement for the firm.

a. After discussing your training asignment with a fellow analyst who was hired last year, you learn that the first step in your completing the assignment is to prepare a common-size balance sheet for Patterson. Complete the common-size balance sheet below:(Round to one decimal place.)

Common-Size Balance Sheet		2016
Cash and marketable securities	$	500		%
Accounts receivable		6,000
Inventory		9,500
Total current assets	$	16,000		%
Net property, plant, and equipment		17,000
Total assets	$	33,000		%
Accounts payable	$	7,200		%
Short-term debt		6,800
Total current liabilities	$	14,000		%
Long-term liabilities		7,000
Total liabilities	$	21,000		%
Total common stockholders equity		12,000
Total liabilities and shareholders equity	$	33,000		%