Balance sheet data for Kwan Company on December 31, the end of two recent fiscal...
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Accounting
Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow:
Current Year
Previous Year
Current assets
$323,640
$187,920
Property, plant, and equipment
574,200
516,780
Intangible assets
146,160
78,300
Current liabilities
229,680
117,450
Long-term liabilities
375,840
305,370
Common stock
125,280
117,450
Retained earnings
313,200
242,730
Prepare a comparative balance sheet for both years, 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. If required, round percentages to one decimal place.
Kwan Company Comparative Balance Sheet For the Years Ended December 31
Current year Amount
Current year Percent
Previous year Amount
Previous year Percent
Current assets
$323,640
fill in the blank %
$187,920
fill in the blank %
Property, plant, and equipment
574,200
fill in the blank %
516,780
fill in the blank %
Intangible assets
146,160
fill in the blank %
78,300
fill in the blank %
Total assets
$1,044,000
fill in the blank %
$783,000
fill in the blank %
Current liabilities
$229,680
fill in the blank %
$117,450
fill in the blank %
Long-term liabilities
375,840
fill in the blank %
305,370
fill in the blank %
Common stock
125,280
fill in the blank %
117,450
fill in the blank %
Retained earnings
313,200
fill in the blank %
242,730
fill in the blank %
Total liabilities and stockholders' equity
$1,044,000
fill in the blank %
$783,000
fill in the blank %
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