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Comparative balance sheet data for the More Company at the end of fiscal...

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Accounting

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Comparative balance sheet data for the More Company at the end of fiscal year 2020 and 2021 follows: (7 Marks) More Company Balance Sheet June, 2021 and 2020 Assets 2021 2020 Cash $71,000 $68,000 67,000 43,000 Long-term investments Land, buildings, and equipment (net) Intangible assets 95,000 162,000 9,400 11,300 Other assets 5,000 8,000 $292,300 Total assets $347,400 Liabilities $ 34,000 Accounts payable Long-term liabilities-8% bonds Total liabilities $37,100 23,500 $60,600 17,900 $ 51,900 Stockholders' Equity 6% preferred stock Common stock $7,500 $ 7,500 50,000 50,000 46,000 46,000 Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 183,300 $286,800 136,900 $240,400 $292,300 $347.400 Prepare a common-size balance sheet for the two-year period using total assets to standardize

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