Problem 24-4 Presented below is the comparative balance sheet for Teal Company. TEAL COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2018 AND 2017 December 31 2018 2017 Assets Cash $181,800 $277,500 Accounts receivable (net) 156,400 219,300 Short-term investments 267,800 149,100 1,067,900 971,700 Inventories Prepaid expenses 24,900 24,900 Plant & equipment 2,571,400 1,962,400 Accumulated depreciation (746,800) (1,001,800) $3,331,300 $2,795,200 Liabilities and Stockholders' Equity Accounts payable $49,500 $74,800 Accrued expenses 170,000 198,300 447,200 Bonds payable 190,700 Capital stock 2,117,900 1,792,000 Retained earnings 539,400 546,700 $3,331,300 $2,795,200 Prepare a comparative balance sheet depreciation, enter percentages using either a negative sign preceding the number e.g. -2.25% total liabilities and stockholders' equity. (Round percentages r parentheses e.g. (2.25)%. ) Teal Company showing the percent each item is of the total assets 2 decimal places, e.g. 2.25%. For accumulated TEAL COMPANY Sheet Compa December 31. 2018 and 2017 December 31 2018 Assets 2017 Cash $181,800 $277,500 % Accounts receivable (net) 219,300 156,400 Short-term investments 267.800 149,100 1,067,900 Inventories 971,700 Prepaid expenses 24,900 24,900 Plant and equipment 2,571,400 1.962,400 (1.001.800 Accumulated depreciation (746,800 $3,331,300 $2,795,200 Total Liabilities and Stockholders' Equity Accounts payable $49,500 $74,800 % Accrued expenses 170,000 % 198,300 Bonds payable 447,200 190,700 Capital stock 2,117,900 % % 1,792,000 546,700 539,400 Retained earnings $3,331,300 % $2,795,200 % Total alance sheet of T sign, i.e. -92,oo0, -25.25 or parenthesis, i.e. (92,000), (25.25)) showin 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 elther a negative parative TEAL COMPANY Comparative Balance Sheat December 31, 2018 and 2017 December 31 Increase (Decrease) Assets 2018 2017 Change Change Cash $277,500 $181,800 156,400 Accounts receivable (net) 219.300 % 06 Investments 267.800 149,100 1,067,900 971.700 Inventories Prepaid expenses 24,900 24.900 Plant and equipment 2,571,400 1.962.400 Accumulated depreciation (1,001,800) (746,800 $3,331,300 $2,795,200 Total Liabilities and Stockholders' Equity Accounts payable $49,500 $74,800 0% Accrued expenses 170,000 198,300 Bonds payable 447,200 190,700 Capital stock % 2,117,900 1,792,000 546,700 Retained earnings 539,400 $3,331,300 $2,795,200 Total 0%. $