Problem 24-4 Presented below is the comparative balance sheet for Sunland Company. SUNLAND COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2018 AND 2017 December 31 2018 2017 Assets Cash $181,000 $272,500 Accounts receivable (net) 218,100 155,200 Short-term investments 271,100 149,100 Inventories 1,066,900 978,500 Prepaid expenses 24,800 24,800 Plant & equipment 2,604,700 1,948,400 Accumulated depreciation (1,003,600) (743,000) $3,363,000 $2,785,500 Liabilities and Stockholders Equity Accounts payable $49,800 $74,700 Accrued expenses 168,900 200,700 Bonds payable 452,100 189,100 Capital stock 2,108,600 1,782,200 Retained earnings 583,600 538,800 $3,363,000 $2,785,500 Prepare a comparative balance sheet of Sunland 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)%.) SUNLAND COMPANY Comparative Balance Sheet December 31, 2018 and 2017 December 31 Assets 2018 2017 Cash $181,000 % $272,500 % Accounts receivable (net) 218,100 % 155,200 % Short-term investments 271,100 % 149,100 % Inventories 1,066,900 % 978,500 % Prepaid expenses 24,800 % 24,800 % Plant and equipment 2,604,700 % 1,948,400 % Accumulated depreciation (1,003,600 ) % (743,000 ) % Total $3,363,000 % $2,785,500 % Liabilities and Stockholders Equity Accounts payable $49,800 % $74,700 % Accrued expenses 168,900 % 200,700 % Bonds payable 452,100 % 189,100 % Capital stock 2,108,600 % 1,782,200 % Retained earnings 583,600 % 538,800 % Total $3,363,000 % $2,785,500 % LINK TO TEXT Prepare a comparative balance sheet of Sunland 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)) SUNLAND COMPANY Comparative Balance Sheet December 31, 2018 and 2017 December 31 Increase or (Decrease) Assets 2018 2017 $ Change % Change Cash $181,000 $272,500 $ % Accounts receivable (net) 218,100 155,200 % Investments 271,100 149,100 % Inventories 1,066,900 978,500 % Prepaid expenses 24,800 24,800 % Plant and equipment 2,604,700 1,948,400 % Accumulated depreciation (1,003,600 ) (743,000 ) % Total $3,363,000 $2,785,500 $ % Liabilities and Stockholders Equity Accounts payable $49,800 $74,700 $ % Accrued expenses 168,900 200,700 % Bonds payable 452,100 189,100 % Capital stock 2,108,600 1,782,200 % Retained earnings 583,600 538,800 % Total $3,363,000 $2,785,500 $ %