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undefined *Problem 24-4 Presented below is the comparative balance sheet for Ayayai Company. AYAYAI COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2018 AND 2017
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*Problem 24-4 Presented below is the comparative balance sheet for Ayayai Company. AYAYAI COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2018 AND 2017 December 31 2018 2017 Assets Cash Accounts receivable (net) Short-term investments Inventories $181,800 220,000 268,600 1,052,200 25,000 2,581,200 (1,007,300) $3,321,500 $275,600 155,100 149,700 988,800 25,000 1,965,400 (744,500) $2,815,100 Prepaid expenses Plant & equipment Accumulated depreciation 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 AYAYAI COMPANY Comparative Balance Sheet December 31, 2018 and 2017 December 31 Assets 2018 2017 Cash $181,800 % $275,600 % Accounts receivable (net) 220,000 % 155,100 % Short-term investments 268,600 % 149,700 % x x Inventories 1,052,200 % 988,800 % DULIUTI Prepaid expenses 25,000 % 25,000 % x Plant and equipment 2,581,200 % 1,965,400 % X Accumulated depreciation (1,007,300 ) % (744,500 ) % X Total $3,321,500 % $2,815,100 % Liabilities and Stockholders' Equity Accounts payable $49,800 % $74,500 % X x Accrued expenses 169,300 % 200,700 % x X Bonds payable 446,700 % 189,200 % Capital stock 2,081,600 % 1,798,800 % Retained earnings 574,100 % 551,900 % x Total $3,321,500 % $2,815,100 % LINK TO TEXT Prepare a comparative balance sheet of Ayayai Company showing the dollar change and the percent change for each item. (If there is a decrease from 2017 to 2018, 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)) AYAYAI COMPANY Comparative Balance Sheet December 31, 2018 and 2017 December 31 Increase or (Decrease) 2018 2017 $ Change % Change Assets Cash $181,800 $275,600 % Accounts receivable (net) 220,000 155,100 % X Investments 268,600 149,700 % X Inventories 1,052,200 988,800 % Illlllll Prepaid expenses 25,000 25,000 % Plant and equipment 2,581,200 1,965,400 % Accumulated depreciation (1,007,300 ) (744,500 ) % Total $3,321,500 $2,815,100 % Libilities and stockholdergi Gauit Liabilities and Stockholders' Equity Accounts payable $49,800 $74,500 % x Accrued expenses 169,300 200,700 % Odll x Bonds payable 446,700 189,200 % X Capital stock 2,081,600 1,798,800 % X fronx x Retained earnings 574,100 551,900 % Total $3,321,500 $2,815,100 % Click if you would like to Show Work for this question: Open Show Work LINK TO TEXTStep by Step Solution
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