Presented below is the comparative balance sheet for Skylight Company.

(b.) Prepare a comparative balance sheet of Skylight Company showing the dollar change and the percent change for each item.

Note: All of the answers in the % Change column are incorrect (except for prepaid expenses)

Comparative Balance Sheet As of December 31 Liabilities and Stockholders' Equity. Accounts payable Accrued expenses 168,700198,600 Bonds payable Common stock 454,100191,800 Retained earnings 2,088,1001,776,400 \begin{tabular}{|c|c|} \hline 586,400 & 557,700 \\ \hline$3,347,600 & $2,799,300 \\ \hline \end{tabular} Liabilities and Stockholders' Equity Accounts payable Accrued expenses Bonds payable Common stock Retained earnings Total $50,300$74,800 168,700 454,100 2,088,100 586,400 $24500 198,600 191,800 1,776,400 105.15