Presented below is the comparative balance sheet for Grouper Company. PLEASE SHOW WORK Grouper Company Comparative...

Presented below is the comparative balance sheet for Grouper Company. PLEASE SHOW WORK

Grouper Company Comparative Balance Sheet As of December 31, 2021 and 2020
	December 31
	2021	2022
Assets
Cash	$181,000	$272,500
Accounts receivable (net)	218,100	155,200
Short-term investments	271,100	149,100
Inventories	1,066,900	978,500
Prepaid expenses	24,800	24,800
Plant & equipment	2,604,700	1,948,400
Accumulated depreciation	(1,003,600)	(743,000)
	$3,363,000	$2,785,500

Liabilities and Stockholders’ Equity
Accounts payable	$49,800	$74,700
Accrued expenses	168,900	200,700
Bonds payable	452,100	189,100
Capital stock	2,108,600	1,782,200
Retained earnings	583,600	538,800
	$3,363,000	$2,785,500

Prepare a comparative balance sheet of Grouper Company showing the dollar change and the percent change for each item. (If there is a decrease from 2020 to 2021, 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).)

GROUPER COMPANY Comparative Balance Sheet December 31, 2021 and 2020
	December 31				Increase or (Decrease)
Assets	2021		2020		$ Change	% Change
Cash	$181,000		$272,500		$enter a dollar amount	enter percentages	%
Accounts receivable (net)	218,100		155,200		enter a dollar amount	enter percentages	%
Investments	271,100		149,100		enter a dollar amount	enter percentages	%
Inventories	1,066,900		978,500		enter a dollar amount	enter percentages	%
Prepaid expenses	24,800		24,800		enter a dollar amount	enter percentages	%
Plant and equipment	2,604,700		1,948,400		enter a dollar amount	enter percentages	%
Accumulated depreciation	(1,003,600	)	(743,000	)	enter a dollar amount	enter percentages	%
Total	$3,363,000		$2,785,500		$enter a dollar amount	enter percentages	%

Liabilities and Stockholders’ Equity
Accounts payable	$49,800		$74,700		$enter a dollar amount	enter percentages	%
Accrued expenses	168,900		200,700		enter a dollar amount	enter percentages	%
Bonds payable	452,100		189,100		enter a dollar amount	enter percentages	%
Capital stock	2,108,600		1,782,200		enter a dollar amount	enter percentages	%
Retained earnings	583,600		538,800		enter a dollar amount	enter percentages	%
Total	$3,363,000		$2,785,500		$enter a dollar amount	enter percentages	%

Expert Solution

ekkarill92 answered 3 years ago

Presented below is the comparative balance sheet for Martinez Company. Martinez Company Comparative Balance Sheet As...

Presented below is the comparative balance sheet for Martinez Company. Martinez Company Comparative Balance Sheet As of December 31, 2021 and 2020 December 31 2021 2022 Assets Cash $181,000 $272,500 Accounts receivable (net) 218,100 155,200 Short-term investments 271,100 149,100 Inventories 1,066,900 978,500 Prepaid expenses 24,800 24,800 Plant & equipment 2,604,700 1,948,400 Accumulated depreciation (1,003,600) (743,000) $3,363,000 $2,785,500 Liabilities and Stockholders’ Equity Accounts payable $49,800 $74,700 Accrued expenses 168,900 200,700 Bonds payable 452,100 189,100 Capital stock 2,108,600 1,782,200 Retained earnings 583,600...

Presented below is the comparative balance sheet for Windsor Company. Windsor Company Comparative Balance Sheet As...

Presented below is the comparative balance sheet for Windsor Company. Windsor Company Comparative Balance Sheet As of December 31, 2021 and 2020 December 31 2021 2022 Assets Cash $178,300 $276,000 Accounts receivable (net) 219,900 154,300 Short-term investments 269,400 149,700 Inventories 1,069,600 982,200 Prepaid expenses 24,900 24,900 Plant & equipment 2,604,600 1,968,800 Accumulated depreciation (990,000) (752,100) $3,376,700 $2,803,800 Liabilities and Stockholders’ Equity Accounts payable $49,900 $74,700 Accrued expenses 170,100 198,600 Bonds payable 446,600 188,900 Capital stock 2,109,800 1,777,900 Retained earnings 600,300...

Presented below is a condensed version of the comparative balance sheets for Grouper Corporation for the...

Presented below is a condensed version of the comparative balance sheets for Grouper Corporation for the last two years at December 31. 2017 2016 Cash $174,900 $46,600 Accounts receivable 116,900 75,800 Investments 71,300 93,900 Equipment 352,900 173,900 Accumulated depreciation—equipment (90,900) (66,100) Current liabilities 137,700 91,900 Common stock 138,300 63,700 Retained earnings 354,700 174,100 Additional information: Investments were sold at a gain of $9,100; no investments were purchased; no equipment was sold; cash dividends paid were $41,700; and net income was...

Comparative balance sheet accounts of Splish Company are presented below. SPLISH COMPANY COMPARATIVE BALANCE SHEET ACCOUNTS...

Comparative balance sheet accounts of Splish Company are presented below. SPLISH COMPANY COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31 Debit Balances 2020 2019 Cash $70,600 $50,500 Accounts Receivable 155,100 130,000 Inventory 75,600 61,100 Debt investments (available-for-sale) 55,100 84,300 Equipment 70,300 48,400 Buildings 144,400 144,400 Land 39,600 25,300 Totals $610,700 $544,000 Credit Balances Allowance for Doubtful Accounts $10,000 $7,900 Accumulated Depreciation—Equipment 21,000 14,100 Accumulated Depreciation—Buildings 37,300 28,200 Accounts Payable 66,400 60,600 Income Taxes Payable 11,900 9,900 Long-Term Notes Payable 62,000...

Comparative balance sheet accounts of Carla Company are presented below. CARLA COMPANY COMPARATIVE BALANCE SHEET ACCOUNTS...

Comparative balance sheet accounts of Carla Company are presented below. CARLA COMPANY COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31 Debit Balances 2020 2019 Cash $69,900 $50,600 Accounts Receivable 154,800 130,300 Inventory 75,700 61,400 Debt investments (available-for-sale) 55,100 84,600 Equipment 69,300 48,400 Buildings 145,700 145,700 Land 40,200 25,200 Totals $610,700 $546,200 Credit Balances Allowance for Doubtful Accounts $10,100 $7,900 Accumulated Depreciation—Equipment 21,000 14,000 Accumulated Depreciation—Buildings 36,800 28,100 Accounts Payable 65,600 59,500 Income Taxes Payable 12,000 10,100 Long-Term Notes Payable 62,000...

Comparative balance sheet accounts of Sweet Company are presented below. SWEET COMPANY COMPARATIVE BALANCE SHEET ACCOUNTS...

Comparative balance sheet accounts of Sweet Company are presented below. SWEET COMPANY COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31 Debit Balances 2020 2019 Cash $69,600 $51,100 Accounts Receivable 156,500 130,000 Inventory 75,700 60,800 Debt investments (available-for-sale) 55,000 85,300 Equipment 69,600 47,800 Buildings 144,900 144,900 Land 39,600 25,200 Totals $610,900 $545,100 Credit Balances Allowance for Doubtful Accounts $10,000 $8,000 Accumulated Depreciation—Equipment 20,800 14,100 Accumulated Depreciation—Buildings 37,000 27,900 Accounts Payable 66,500 59,800 Income Taxes Payable 11,900 10,000 Long-Term Notes Payable 62,000...

Comparative balance sheet accounts of Pina Company are presented below. PINA COMPANY COMPARATIVE BALANCE SHEET ACCOUNTS...

Comparative balance sheet accounts of Pina Company are presented below. PINA COMPANY COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31 Debit Balances 2017 2016 Cash $69,500 $50,900 Accounts Receivable 153,400 131,000 Inventory 75,300 60,900 Debt investments (available-for-sale) 54,800 85,600 Equipment 70,300 48,300 Buildings 143,900 143,900 Land 40,000 24,900 Totals $607,200 $545,500 Credit Balances Allowance for Doubtful Accounts $10,100 $7,900 Accumulated Depreciation—Equipment 20,800 14,000 Accumulated Depreciation—Buildings 36,900 27,700 Accounts Payable 66,500 59,600 Income Taxes Payable 11,900 10,100 Long-Term Notes Payable 62,000...

A comparative balance sheet for the Stanley Corporation is presented below: Corporation Comparative Balance Sheet 2019...

A comparative balance sheet for the Stanley Corporation is presented below: Corporation Comparative Balance Sheet 2019 2018 Assets Cash $ 37,000 $ 31,000 Accounts receivable (net) 80,000 60,000 Prepaid insurance 22,000 17,000 Land 18,000 40,000 Equipment 70,000 60,000 Accumulated depreciation (20,000) (13,000) Total Assets $207,000 $195,000 Liabilities and Stockholders' Equity Accounts payable $ 12,000 $ 6,000 Bonds payable 27,000 19,000 Common stock 140,000 115,000 Retained earnings 28,000 55,000 Total liabilities and stockholders' equity $207,000 $195,000 Additional information: 1. Net loss for 2019 is $12,000. Depreciation...

Problem 23-08 Comparative balance sheet accounts of Coronado Company are presented below. CORONADO COMPANY COMPARATIVE BALANCE...

Problem 23-08 Comparative balance sheet accounts of Coronado Company are presented below. CORONADO COMPANY COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31 Debit Balances 2020 2019 Cash $69,600 $51,100 Accounts Receivable 156,500 130,000 Inventory 75,700 60,800 Debt investments (available-for-sale) 55,000 85,300 Equipment 69,600 47,800 Buildings 144,900 144,900 Land 39,600 25,200 Totals $610,900 $545,100 Credit Balances Allowance for Doubtful Accounts $10,000 $8,000 Accumulated Depreciation—Equipment 20,800 14,100 Accumulated Depreciation—Buildings 37,000 27,900 Accounts Payable 66,500 59,800 Income Taxes Payable 11,900 10,000 Long-Term Notes...

Problem 23-08 Comparative balance sheet accounts of Oriole Company are presented below. ORIOLE COMPANY COMPARATIVE BALANCE...

Problem 23-08 Comparative balance sheet accounts of Oriole Company are presented below. ORIOLE COMPANY COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31 Debit Balances 2020 2019 Cash $70,700 $50,900 Accounts Receivable 154,500 131,300 Inventory 75,000 61,600 Debt investments (available-for-sale) 55,200 84,600 Equipment 69,700 47,600 Buildings 144,200 144,200 Land 39,800 24,800 Totals $609,100 $545,000 Credit Balances Allowance for Doubtful Accounts $9,900 $8,000 Accumulated Depreciation—Equipment 20,800 13,800 Accumulated Depreciation—Buildings 37,300 28,100 Accounts Payable 66,700 59,700 Income Taxes Payable 11,900 9,900 Long-Term Notes...

Question