Problem 24-04 a-b (Part Level Submission) Presented below is the comparative balance sheet for Sandhill Company. Sandhill Company Comparative Balance Sheet As of December 31, 2021 and 2020 December 31 2021 2022 Assets Cash $181,100 $272,600 Accounts receivable (net) 219,700 154,500 Short-term investments 270,300 148,700 Inventories 1,068,900 989,600 Prepaid expenses 24,700 24,700 Plant & equipment 2,579,900 1,939,200 Accumulated depreciation (990,200) (754,600) $3,354,400 $2,774,700 Liabilities and Stockholders' Equity Accounts payable Accrued expenses Bonds payable Capital stock Retained earnings $50,500 171,500 453,600 2,120,800 558,000 $3,354,400 $74,500 198,400 191,000 1,777,500 533,300 $2,774,700 Prepare a comparative balance sheet of Sandhill 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%) SANDHILL COMPANY Comparative Balance Sheet December 31, 2021 and 2020 December 31 2021 5.40 $272,600 2020 Assets Cash $181,100 9.82 Accounts receivable (net) 5.55 154,500 3.57 219,700 270,300 Short-term investments 0.06 148,700 5.35 Tnventories 31.87 35.67 1.068.900 24,700 989,600 24.700 0.74 69.39 Drepaid experts Plant and equipment Accumulated depreciation 2.579,900 1.979,200 76.91 27.20 (990,200) 0754.600) 52.776,700 100.00 TO 12,354,400 100.00 Liabilities and Stockholders' Equity Accounts payable 550.500 Acover expenses 1. SOFAM HAM abilities and Stockholders' Equity counts payable $50,500 1.51 % $74,500 96 2.68 ccrued expenses 171,500 % 5.11 198,400 7.15 % onds payable 453,600 % 6.88 apital stock 2,120,800 13.52 1% 191,000 63.22% 1,777,500 16.63 % 533,300 64.06 % Retained earnings 558,000 19.22 % Total $3,354,400 100.00 % $2,774,700 100.00 Click if you would like to Show Work for this question: Open Show Work Prepare a comparative balance sheet of Sandhill 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, le. -92,000, -25.25 or parenthesis, i.e (92,000). (25.25).) SANDHILL COMPANY Comparative Balance Sheet December 31, 2021 and 2020 December 31 Increase or (Decrease) Assets 2021 2020 $ Change Change Cash $161,100 $272,600 5:40 9.82 Accounts receivable (net) 219,700 19,500 Investments 270,100 148,700 Inventories 1,068,900 989,600 Prepaid expenses 24,700 24.700 Plant and equipment 2,579,900 1.979,200 Accumulated depreciation (990,200 0754.600) Total $3.35440052.724,700 SORAM Liabilities and Stockholders' Equity Accounts payable $50,500 $74,500 196 Accrued expenses 171,500 198,400 1% 453,600 Bonds payable % 191,000 Capital stock 2,120,800 1,777,500 Retained earnings 558,000 533,300 Total $3,354,400 $2,774,700