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Balance sheet data for a company for the years ended December 31, 20Y2 and 20Y1, are...

Balance sheet data for a company for the years ended December 31, 20Y2 and 20Y1, are shown below.

20Y2 20Y1
Current assets $ 752,000 $ 602,000
Property, plant, and equipment 6,248,000 5,397,000
Intangible assets 1,000,000 1,001,000
Current liabilities 504,000 427,000
Long-term liabilities 1,504,000 1,197,000
Common stock 1,248,000 1,253,000
Retained earnings 4,744,000 4,123,000

Prepare a comparative balance sheet for 20Y2 and 20Y1, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. Round your answers to one decimal place.

Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Y2 Amount 20Y2 Percent 20Y1 Amount 20Y1 Percent
Assets
Current assets $752,000 % $602,000 %
Property, plant, and equipment 6,248,000 5,397,000
Intangible assets 1,000,000 1,001,000
Total assets $8,000,000 % $7,000,000 %
Liabilities
Current liabilities $504,000 % $427,000 %
Long-term liabilities 1,504,000 1,197,000
Total liabilities $2,008,000 % $1,624,000 %
Stockholders' equity
Common stock 1,248,000 % 1,253,000 %
Retained earnings 4,744,000 4,123,000
Total stockholders’ equity $5,992,000 % $5,376,000 %
Total liabilities and stockholders' equity $8,000,000 % $7,000,000 %

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ekkarill92 answered 1 year ago
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