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 2 years ago

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