Problem 24-04 a-b Presented below is the comparative balance sheet for Windsor Company. Windsor Company Comparative Balance Sheet As of December 31, 2021 and 2020 December 31 2021 2022 Assets Cash $178,400 $277,400 Accounts receivable (net) 218,900 156,300 Short-term investments 271,200 151,500 Inventories 1,068,100 980,700 Prepaid expenses 25,000 25,000 Plant & equipment 2,597,900 1,964,800 Accumulated depreciation (1,008,200) (745,200) $3,351,300 $2,810,500 Liabilities and Stockholders' Equity Accounts payable Accrued expenses Bonds payable Capital stock Retained earnings $49,500 169,600 450,500 2,093,700 588,000 $3,351,300 $74,400 199,200 190,000 1,776,800 570,100 $2,810,500 Prepare a comparative balance sheet of Windsor Company showing the percent each item is of the total assets or total liabilities and stockholders' equity. 2020 Assets Cash Accounts receivable (net) Short-term investments Inventories Prepaid expenses Plant and equipment Accumulated depreciation WINDSOR COMPANY Comparative Balance Sheet December 31, 2021 and 2020 December 31 2021 $178,400 1% $277,400 218,900 156,300 271,200 151,500 1,068,100 980,700 25,000 25,000 2,597,900 1,964,800 (1,008,200) % (745,200) $3,351,300 $2,810,500 Total % Liabilities and Stockholders' Equity Accounts payable $49,500 Accrued expenses 169,600 Bonds payable 450,500 Capital stock 2,093,700 Retained earnings 588,000 Total $3,351,300 $74,400 199,200 190,000 1,776,800 570,100 $2,810,500 % % Prepare a comparative balance sheet of Windsor Company showing the dollar change and the percent change for each item. -25.25 or parenthesis, i.e. (92,000), (25.25).) WINDSOR COMPANY Comparative Balance Sheet December 31, 2021 and 2020 December 31 Increase or (Decrease) Assets 2021 2020 $ Change % Change Cash $178,400 $277,400 Accounts receivable (net) 218,900 156,300 Investments 271,200 151,500 Inventories 1,068,100 980,700 Prepaid expenses 25,000 25,000 Plant and equipment 2,597,900 1,964,800 Accumulated depreciation (1,008,200 ) (745,200 ) Total $3,351,300 $2,810,500 $ Liabilities and Stockholders' Equity Accounts payable $49,500 Accrued expenses 169,600 Bonds payable 450,500 Capital stock 2,093,700 Retained earnings 588,000 $74,400 199,200 190,000 1,776,800 570,100 Total $3,351,300 $2,810,500