Presented below is the comparative balance sheet for Kingbird Company. Kingbird Company Comparative Balance Sheet As of December 31, 2021 and 2020 December 31 2021 2022 Assets Cash $178,200 $275,600 Accounts receivable (net) 219,200 156,500 Short-term investments 272,400 149,600 Inventories 984.000 Prepaid expenses Plant & equipment 1,070,300 24.900 2,602,300 (997,800) $3,369,500 24,900 1,938,700 (749,600) $2,779,700 Accumulated depreciation Liabilities and Stockholders' Equity Accounts payable $74,300 Accrued expenses Bonds payable $50,500 169.000 446,600 2,117,100 586,300 $3,369,500 Capital stock 199,600 189,100 1,782,700 534,000 $2,779,700 Retained earnings Prepare a comparative balance sheet of Kingbird Company showing the percent each item is of the total assets or total liabilities and stockholders' equity. (Round percentages to 2 decimal places, eg. 2.25%.) KINGBIRD COMPANY Comparative Balance Sheet December 31, 2021 and 2020 December 31 Assets 2021 2020 Cash $178.200 % $275,600 Accounts receivable (net) 219,200 272,400 Short-term investments 156,500 149,600 984,000 Inventories 1,070,300 Prepaid expenses 24,900 24.900 2,602,300 Plant and equipment % 1,938,700 Accumulated depreciation (997.800) % (749,600) Total $3,369,500 % $2.779,700 Liabilities and Stockholders' Equity Accounts payable $50,500 $74,300 Accrued expenses 169,000 Bonds payable 446,600 199,600 189,100 1,782,700 Capital stock 2,117,100 Retained earnings 586,300 534,000 Total $3,369,500 % $2,779,700 Prepare a comparative balance sheet of Kingbird Company showing the dollar change and the percent change for each item. (If there is a decrease from 2020 to 2021, then enter the amounts and percentages with either a negative sign, i.e. -92,000,-25.25 or parenthesis, i.e. (92,000), (25.25).) KINGBIRD COMPANY Comparative Balance Sheet December 31, 2021 and 2020 December 31 Increase or (Decrease) Assets 2021 2020 $ Change % Change Cash $178,200 $ $275,600 156,500 Accounts receivable (net) 219,200 Investments 272,400 149,600 Inventories 1.070,300 984,000 Prepaid expenses 24.900 24.900 Plant and equipment 2,602,300 1,938,700 Accumulated depreciation (997,800 ) (749,600 ) Total $3,369,500 $2,779,700 Liabilities and Stockholders' Equity Accounts payable $50,500 $74,300 $ Accrued expenses 169,000 199,600 Bonds payable 446,600 189,100 Capital stock 2,117,100 1.782.700 Retained earnings 586,300 534,000 Total $3,369,500 $2,779,700