Question 6

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Presented below is the comparative balance sheet for Marigold Company Marigold Company Comparative Balance Sheet As of December 31, 2021 and 2020 December 31 2021 2022 Assets Cash $181,800 $275,600 Accounts receivable (net) 220,000 155,100 Short-term investments 268,600 149,700 Inventories 1,052,200 988,800 Prepaid expenses 25,000 25,000 Plant & equipment 2,581,200 1,965,400 Accumulated depreciation (1,007,300) (744,500) $3,321,500 $2,815,100 Liabilities and Stockholders' Equity Accounts payable Accrued expenses Bonds payable Capital stock Retained earnings $49,800 169,300 446,700 2,081,600 574,100 $3,321,500 $74.500 200,700 189.200 1,798,800 551,900 $2,815,100 Prepare a comparative balance sheet of Marigold 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%.) MARIGOLD COMPANY Comparative Balance Sheet December 31, 2021 and 2020 December 31 Assets 2021 2020 Cash $181.800 % $275,600 % 220,000 % 155,100 % 268,600 % 149.700 1,052,200 % 988,800 % Accounts receivable (net) Short-term investments Inventories Prepaid expenses Plant and equipment Accumulated depreciation Total 25.000 % 25,000 % 2,581,200 % 1,965,400 (1,007,300) 6 (744.500) % $3,321,500 % $2,815,100 % % $74.500 % Liabilities and Stockholders' Equity Accounts $49,800 payable Accrued 169,300 expenses Bonds payable 446,700 % 200,700 % % 189,200 % 2,081,600 % 1,798,800 % Capital stock Retained earnings 574,100 % 551.900 % Total $3,321,500 % $2,815,100 % Prepare a comparative balance sheet of Marigold 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, i.e. - 92,000,-25.25 or parenthesis, i.e. (92,000). (25.25.) MARIGOLD COMPANY Comparative Balance Sheet December 31, 2021 and 2020 December 31 Increase or (Decrease) Assets 2021 2020 $ Change % Change Cash $181,800 $275,600 $ %6 220.000 155.100 %6 Accounts receivable (net) Investments 268,600 149.700 Inventories 1.052.200 988.800 %6 25.000 25,000 %6 2.581.200 1.965,400 %6 Prepaid expenses Plant and equipment Accumulated depreciation Total (1,007,300) (744,500) %6 $3,321,500 $2,815,100 $ % $74.500 $ 96 200.700 %6 Liabilities and Stockholders' Equity Accounts $49,800 payable Accrued 169,300 expenses Bonds 446.700 payable Capital stock 2,081,600 Retained 574,100 earnings 189.200 96 1,798.800 96 551,900 %6 Total $3,321,500 $2.815.100 $ %6