Problem 24-4 (Part Level Submission) Presented below is the comparative balance sheet for Sage Company SAGE COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2018 AND 2017 December 31 2018 2017 Assets Cash Accounts receivable (net) Short-term investments Inventories Prepaid expenses Plant & equipment Accumulated depreciation $179,800 219,100 271,500 1,050,800 25,100 2,580,700 $277,300 154,800 149,800 975,900 25,100 1,942,300 (991,300 (744,900) $3,335,700 $2,780,300 Accounts payable Accrued expenses Bonds payable Capital stock Retained earnings $75,500 199,500 189,900 2,107,500 1,794,900 520,500 $3,335,700 $2,780,300 $49,600 170,000 450,800 557,800 Your answer is correct. Prepare a comparative balance sheet of Sage 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%. For accumulated depreciation, enter percentages using either a negative sign preceding the number e.g.-2.25% or parentheses e.g. (2.25)%.) (a) Your answer is correct. Prepare a comparative balance sheet of Sage 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%. For accumulated depreciation, enter percentages using either a negative sign preceding the number e.g.-2.25% or parentheses e.g. (2.25)%.) SAGE COMPANY Comparative Balance Sheet December 31, 2018 and 2017 December 31 Assets 2018 2017 5.39196 $277,300 154,800 149,800 Cash $179,800 9.97 % 6.571 % 8.14 % 31.501 % 0.751 % 5.571 % 5.391 % 35.101 % 0.901 % 69.86 % Accounts receivable (net) 219,100 Short-term investments 271,500 Inventories 1,050,800 975,900 Prepaid expenses 25,100 25,100 Plant and equipment 2,580,700 77.37 % 1,942,300 (29.72% (744.900 ) on (991,300 ) % Accumu (26.79) $3,335,700 100 % $2,780,300 Total Liabilities and Stockholders' Equity Accounts payable $49,600 $75,500 1.491 % 2.72 % Accrued expenses 170,000 199,500 5.101% 7.181% 450,800 189,900 Bonds payable 13.511 % 63.181% 16.721 % 189,900 1,794,900 520,500 Bonds payable 450,800 6.831 % 2,107,500 Capital stock 64.56 % 557,800 Retained earnings 18.721 % $3,335,700 100 $2,780,300 1001 96 Total SHOW ANSWER LINK TO TEXT Attempts: 2 of 3 used (b) Your answer is partially correct. Try again Prepare a comparative balance sheet of Sage Company showing the dollar change and the percent change for each item. (If there is a decrease from 2017 to 2018, 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)) SAGE COMPANY Comparative Balance Sheet December 31, 2018 and 2017 December 31 Increase or (Decrease) % Change s Change Assets 2018 2017 Cash $179,800 $277,300 (97500) Accounts receivable (net) 219,100 154,800 64300 29.3 % 271,500 149,800 121700 44.83 6 Inventories 1,050,800 975,900 74900 7.13% 25,100 25,100 Prepaid expenses 0196 Plant and equipment 2,580,700 1,942,300 24.74 % 638400 Accumulated depreciation (991,300 (744,900) (246400) 24.86 % Total $3,335,700 $2,780,300 555400 16.65 % Liabilities and Stockholders' Equity Accounts payable $75,500 (25900) $49,600 (52.22 % Accrued expenses 170,000 199,500 (29500) (17.35) % Bonds payable 450,800 189,900 260900 7.87 % Capital stock 2,107,500 1,794,900 312600 14.83 % Retained earnings 557,800 520,500 37300 6, 196 Total $3,335,700 $2,780,300 555400 16.65%