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Birtle Corporation reports the following statement of financial position information for 2017 and 2018. Assets 2017 2018 Current assets Cash Accounts receivable Inventory Total $ 43, 805 16, 843 $ 9, 279 23, 683 42, 636 $ 75,598 BIRTLE CORPORATION 2017 and 2018 Statement of Financial Position Liabilities and Owners' Equity 2018 2017 Current liabilities $ 11, 173 Accounts payable $ 41,060 25, 760 Notes payable 16, 157 46, 915 $ 83, 848 Total $ 57,217 Long-term debt $ 40,000 Owners' equity Common stock and paid-in surplus $ 50,000 Retained earnings 200, 428 $297, 967 Total $250, 428 $381, 815 Total liabilities and owners' equity $347, 645 $ 60, 648 $ 35,000 Fixed assets Net plant and equipment Total assets $272, 047 $347, 645 $ 50,000 236, 167 $286, 167 $381, 815 Prepare the 2017 and 2018 common-size statement of financial position for Birtle. (Round the final answers to 2 decimal places.) 2017 2018 % % Assets Current assets Cash Accounts receivable Inventory Total % % $ 9,279 23, 683 42, 636 $ 75,598 $ 11, 173 25, 760 46, 915 $ 83, 848 % % % % Fixed assets Net plant and equipment $272, 047 % $297, 967 % $347, 645 $381, 815 Total assets Liabilities and Owners' Equity Equity % % % $ 41, 060 16, 157 $ 57, 217 $ 40,000 Liabilities and Owners' Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total $ 43, 805 16, 843 $ 60, 648 $ 35,000 % % % % % % % % $ 50,000 200, 428 $ 250, 428 $ 347, 645 $ 50,000 236, 167 $286, 167 $381, 815 % Total liabilities and owners' equity % %
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