The following accounts and related balances of Hawk Designers, Inc., as of December 31, 2010, are arranged in no particular order.

Requirements
1. Prepare Hawks classified balance sheet in the account format at December 31, 2010.
2. Compute rate of return on total assets and rate of return on common stockholders equity for the year ended December 31, 2010.
3. Do these rates of return suggest strength or weakness? Give yourreason.

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$43,000 Interest expense.... Property, plant, and 16,000 Accounts receivable, ne.. Paid-in capital in excess 22,000 equipment, net Common stock, $2 par, 359,000 of par -common Accrued liabilities Long-term note payable Inventory Dividends payabl.. Retained earnines1 Accounts payable... Trademarks, ne. Preferred stock, $.50, 17,000 27,000 96,000 94,000 12,000 300,000 shares authorized, Prepaid expenses Common stockholders 16,000 equity, December 31, 2009 Net i 225,000 30,000 ...496,000 19,000 shares at cost..22,000 133,000 10,000 Total assets, December 31, 2009. Treasury stock, common, no-par, 12,000 shares authorized and 32,400 11,000 Goodwill