The comparative financial statements for Prince Company are below: Year 2 Year 1 $191,800 113,800 78,000 56,600 21,400 6,420 $ 14,980 $168,600 100,400 68,200 53,600 14,600 4,380 $ 10, 220 Income statement Sales revenue 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) Long-term liabilities (9 interest) Common stock ($5 par value, 5,000 shares outstanding) Retained earnings Total liabilities and stockholders' equity $ 4,800 15,800 41,400 46,500 $108,500 $ 16,000 44,900 25,000 22,600 $108,500 $ 6,000 16,300 32,200 37,000 $91,500 $ 17,000 44,900 25,000 4,600 $91,500 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 in (Decrease) from Year 1 to Year 2 Amount Percent % % % % % % % PRINCE COMPANY Balance Sheet Increase (Decrease) from Year 1 to Year 2 Amount Percent % % % % 0 Cash Accounts receivable (net) Inventory Property and equipment (net) Total Assets Current liabilities (no interest) Long-term liabilities (9% interest) Common stock ($5 par value, 5,000 shares outstanding) Retained earnings Total liabilities and stockholders' equity % % % $ 0