Required information [The following information applies to the questions displayed below.] The comparative financial statements for Prince Company are below: Income statement: Sales revenue Year 2 $190,600 Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Balance sheet: Cash Accounts receivable (net) Inventory Property and equipment (net). Total assets Current liabilities (no interest) Year 1 $168,600 112,200 100,600 78,400 68,000 57,600 54,600 20,800 13,400 6,240 4,020 $ 14,560 $ 9,380 $ 4,900 $ 5,700 14,400 17,200 41,100 33,600 46,300 37,900 $106,700 $ 94,400 Long-term liabilities (8 interest) Common stock ($5 par value, 5,100 shares outstanding) Retained earnings Total liabilities and stockholders' equity $ 14,700 44,300 25,500 22,200 $106,700 $ 15,700 44,300 25,500 8,900 $ 94,400 Required: 1. Complete the following columns for each item in the preceding comparative financial statements: (Enter your answer as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34). Decreases should be indicated by a minus sign.) PRINCE COMPANY Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Increase (Decrease) from Year 1 to Year 2 Amount Percent % % % % % % % di di di didididi Cash Accounts receivable (net) Inventory Property and equipment (net) Total Assets Current liabilities (no interest) PRINCE COMPANY Balance Sheet Long-term liabilities (8% interest) Common stock ($5 par value, 5,100 shares outstanding) Retained earnings Total liabilities and stockholders' equity Increase (Decrease) from Year 1 to Year 2 Amount $ 0 Percent % % % % % % di di do do do do % $ 0 %