W and T Corporation
Income Statement ($ thousands) for the Years Ended 12/31/2014 and 12/31/2015
	2014		2015
Sales	$5,800		$5,500
Cost of goods sold	(3,500)		(3,300)
Gross profits	$2,300		$2,200
Operating expenses:
Selling, general, and administrative expenses	(810)		(770)
Depreciation expenses	(330)		(500)
Total operating expenses	$(1,140)		$(1,270)
Operating income (earnings before interest and taxes)	$1,160		$930
Interest expense	(180)		(270)
Earnings before taxes (taxble income)	$980		$660
Income taxes	(372)		(251)
Net income	$608		$409
Additional information:
Number of common shares outstanding	140		140
Dividends paid to stockholders	$102		$102
Market price per share	$38		$19

W and T Corporation, Balance Sheet ($ thousands) for 12/31/2014 and 12/31/2015
ASSETS	2014		2015
Cash	$300		$495
Accounts receivable	800		905
Inventories	600		780
Other current assets	135		150
Total current assets	$1,835		$2,330
Gross fixed assets	$4,650		$5,050
Accumulated depreciation	(1,600)		(2,300)
Net fixed assets	$3,050		$2,750
Total assets	$4,885		$5,080
LIABILITIES (DEBT) AND EQUITY
Accounts payable	$500		$640
Short-term notes payable	150		200
Total current liabilities	$650		$840
Long-term debt	1,250		1,350
Total liabilities	$1,900		$2,190
Common equity:
Common stock	$1,100		$1,100
Retained earnings	1,885		1,790
Total common equity	$2,985		$2,890
Total liabilities and equity	$4,885		$5,080

PrintDone

Complete a common-sized balance sheet for 2014 and 2015.(Round to one decimal place.)

Common-Sized Balance Sheet ($ thousands) for 12/31/2014 and 12/31/2015
ASSETS	2014		2014			2015		2015
Cash	$300			%		$495			%
Accounts receivable	800			%		905			%
Inventories	600			%		780			%
Other current assets	135			%		150			%
Total current assets	$1,835			%		$2,330			%
Gross fixed assets	$4,650			%		$5,050			%
Accumulated depreciation	(1,600)			%		(2,300)			%
Net fixed assets	$3,050			%		$2,750			%
Total assets	$4,885			%		$5,080			%
LIABILITIES (DEBT) AND EQUITY
Accounts payable	$500			%		$640			%
Short-term notes payable	150			%		200			%
Total current liabilities	$650			%		$840			%
Long-term debt	1,250			%		1,350			%
Total liabilities	$1,900			%		$2,190			%
Common equity:
Common stock	$1,100			%		$1,100			%
Retained earnings	1,885			%		1,790			%
Total common equity	$2,985			%		$2,890			%
Total liabilities and equity	$4,885			%		$5,080			%