question#3

Instructions Balance Sheet Instructions Current Year $1,637,500.00 2 Current assets 3 Property, plant, and equipment Intangible assets 3,864,500.00 1,048,000.00 1,179,000.00 Previous Year $1,210,000.00 4,235,000.00 605,000.00 847,000.00 1.996,500.00 665,500.00 2,541,000.00 5 Current liabilities 1,768,500.00 6 long-term liabilities 7 Common stock 655,000.00 2,947,500.00 & Retained earnings Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. Instructions Balance Sheet Instructions Balance Sheet Current Year Current Year Previous Year Previous Year Amount Percent Amount Percent 3 Current assets $1,637,500.00 3,864,500.00 Property, plant, and equipment $1,210,000.00 4,235,000.00 605,000.00 5 Intangible assets 1,048,000.00 6 Total assets $6,550,000.00 $6,050,000.00 7 Current liabilities Long-term liabilities 9 Common stock 10 Retained earnings $1,179,000.00 1,768,500.00 655,000.00 2,947,500.00 $6,550,000.00 5847,000.00 1.996,500.00 665,500.00 2,541,000.00 11 Total Liabilities and stockholders' equity $6,050,000.00