The comparative financial statements prepared at December 31, Year 2. for Goldfish Company showed the following summarized data 3 Year 2 Year 1 Statement of Earnings Sales reven $253,510 Cost of sales $215,000 164,000 194,800 Gross margin 58,710 51,000 Operating expenses and interest expense Earnings before income taxes 44,120 39,300 14,590 11,700 Income tax expense 3,740 3,900 Net earnings $10,050,000 Statement of Financial Position Cash $ 4,400 $ 9,000 Accounts receivalile (net) 17,870 21,500 Inventory 45,630 40,000 Property, plant, and equipment (net) 44,920 38,000 $112,900 $100,500 Current liabilities (no interest) $ 16,140 $19,400 Non-current liabilities (10% interest) 41,410 37,000 36,000 30,000 Common shares (6,000 shares) Retained earnings 139,350 16,100 $112,900 $100,500 "One-third was credit sales TOuning Year 2, cash dividends amounting to $7600 were declared and paid Required: 1. Complete the following columns for each tem in the preceding comparative financial statements (Negative answers should be 012220 Book 3 012153 Sepper look Required: 1. Complete the following columns for each item in the preceding comparative financial statements (Negative answers should be indicated by a minus sign. Round percentage answers to 2 decimal places (.e., 0.1243 should be entered as 12.43)) Increase (Decrease) Year 2 over Year 1 Amount Percentage Statement of eamings Sales revenue Cost of sales Gros margin Operating expenses and interest ixpense Eamings before income to D Income tax expense of Net earnings Statement of financial position Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) Current liabetes Long-term debl Common shares Retained earnings $ $ Help The comparative financial statements prepared at December 31, Year 2. for Goldfish Company showed the following summarized data 3 Year 2 Year 1 Statement of Earnings Sales reven $253,510 Cost of sales $215,000 164,000 194,800 Gross margin 58,710 51,000 Operating expenses and interest expense Earnings before income taxes 44,120 39,300 14,590 11,700 Income tax expense 3,740 3,900 Net earnings $10,050,000 Statement of Financial Position Cash $ 4,400 $ 9,000 Accounts receivalile (net) 17,870 21,500 Inventory 45,630 40,000 Property, plant, and equipment (net) 44,920 38,000 $112,900 $100,500 Current liabilities (no interest) $ 16,140 $19,400 Non-current liabilities (10% interest) 41,410 37,000 36,000 30,000 Common shares (6,000 shares) Retained earnings 139,350 16,100 $112,900 $100,500 "One-third was credit sales TOuning Year 2, cash dividends amounting to $7600 were declared and paid Required: 1. Complete the following columns for each tem in the preceding comparative financial statements (Negative answers should be 012220 Book 3 012153 Sepper look Required: 1. Complete the following columns for each item in the preceding comparative financial statements (Negative answers should be indicated by a minus sign. Round percentage answers to 2 decimal places (.e., 0.1243 should be entered as 12.43)) Increase (Decrease) Year 2 over Year 1 Amount Percentage Statement of eamings Sales revenue Cost of sales Gros margin Operating expenses and interest ixpense Eamings before income to D Income tax expense of Net earnings Statement of financial position Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) Current liabetes Long-term debl Common shares Retained earnings $ $ Help