Presented below is the comparative balance sheet for Waterway Company.

Waterway Company Comparative Balance Sheet As of December 31, 2021 and 2020
		December 31
		2021			2022
Assets
Cash		$180,400			$277,100
Accounts receivable (net)		220,000			156,500
Short-term investments		267,600			150,500
Inventories		1,051,400			973,400
Prepaid expenses		24,900			24,900
Plant & equipment		2,592,300			1,931,100
Accumulated depreciation		(1,004,900)			(753,800)
		$3,331,700			$2,759,700
Liabilities and Stockholders Equity
Accounts payable		$50,400			$75,700
Accrued expenses		169,100			201,100
Bonds payable		453,100			189,400
Capital stock		2,079,500			1,761,100
Retained earnings		579,600			532,400
		$3,331,700			$2,759,700

Part 1

Prepare a comparative balance sheet of Waterway Company showing the percent each item is of the total assets or total liabilities and stockholders equity. (Round percentages to 2 decimal places, e.g. 2.25%.)

WATERWAY COMPANY Comparative Balance Sheet December 31, 2021 and 2020
		December 31
Assets		2021						2020
Cash		$180,400			enter percentages rounded to 2 decimal places	%		$277,100			enter percentages rounded to 2 decimal places	%
Accounts receivable (net)		220,000			enter percentages rounded to 2 decimal places	%		156,500			enter percentages rounded to 2 decimal places	%
Short-term investments		267,600			enter percentages rounded to 2 decimal places	%		150,500			enter percentages rounded to 2 decimal places	%
Inventories		1,051,400			enter percentages rounded to 2 decimal places	%		973,400			enter percentages rounded to 2 decimal places	%
Prepaid expenses		24,900			enter percentages rounded to 2 decimal places	%		24,900			enter percentages rounded to 2 decimal places	%
Plant and equipment		2,592,300			enter percentages rounded to 2 decimal places	%		1,931,100			enter percentages rounded to 2 decimal places	%
Accumulated depreciation		(1,004,900	)		enter percentages rounded to 2 decimal places	%		(753,800	)		enter percentages rounded to 2 decimal places	%
Total		$3,331,700			enter percentages rounded to 2 decimal places	%		$2,759,700			enter percentages rounded to 2 decimal places	%
Liabilities and Stockholders Equity
Accounts payable		$50,400			enter percentages rounded to 2 decimal places	%		$75,700			enter percentages rounded to 2 decimal places	%
Accrued expenses		169,100			enter percentages rounded to 2 decimal places	%		201,100			enter percentages rounded to 2 decimal places	%
Bonds payable		453,100			enter percentages rounded to 2 decimal places	%		189,400			enter percentages rounded to 2 decimal places	%
Capital stock		2,079,500			enter percentages rounded to 2 decimal places	%		1,761,100			enter percentages rounded to 2 decimal places	%
Retained earnings		579,600			enter percentages rounded to 2 decimal places	%		532,400			enter percentages rounded to 2 decimal places	%
Total		$3,331,700			enter percentages rounded to 2 decimal places	%		$2,759,700			enter percentages rounded to 2 decimal places	%

eTextbook and Media

Part 2

Prepare a comparative balance sheet of Waterway 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).)

WATERWAY COMPANY Comparative Balance Sheet December 31, 2021 and 2020
		December 31						Increase or (Decrease)
Assets		2021			2020			$ Change		% Change
Cash		$180,400			$277,100			$enter a dollar amount		enter percentages	%
Accounts receivable (net)		220,000			156,500			enter a dollar amount		enter percentages	%
Investments		267,600			150,500			enter a dollar amount		enter percentages	%
Inventories		1,051,400			973,400			enter a dollar amount		enter percentages	%
Prepaid expenses		24,900			24,900			enter a dollar amount		enter percentages	%
Plant and equipment		2,592,300			1,931,100			enter a dollar amount		enter percentages	%
Accumulated depreciation		(1,004,900	)		(753,800	)		enter a dollar amount		enter percentages	%
Total		$3,331,700			$2,759,700			$enter a dollar amount		enter percentages	%
Liabilities and Stockholders Equity
Accounts payable		$50,400			$75,700			$enter a dollar amount		enter percentages	%
Accrued expenses		169,100			201,100			enter a dollar amount		enter percentages	%
Bonds payable		453,100			189,400			enter a dollar amount		enter percentages	%
Capital stock		2,079,500			1,761,100			enter a dollar amount		enter percentages	%
Retained earnings		579,600			532,400			enter a dollar amount		enter percentages	%
Total		$3,331,700			$2,759,700			$enter a dollar amount		enter percentages	%