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CULLUMBERCOMPANY Comparative Balance Sheet December 31 2021 2020 Assets Amount Percentage Amount Percentage Current assets...

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Accounting

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CULLUMBERCOMPANY Comparative Balance Sheet December 31 2021 2020 Assets Amount Percentage Amount Percentage Current assets $1,010 % $700 % Property, plant and equipment 970 % 800 % Total assets $1,980 % $1,500 % Liabilities and stockholders' equity Current liabilities $460 % $260 % Long-term debt 530 % 300 % Common stock 450 % 600 % Retained earnings 540 % 340 % Total liabilities and stockholders' equity $1,980 % $1,500 % The comparative balance sheet of Cullumber Company appears below: CULLUMBERCOMPANY Comparative Balance Sheet December 31, Assets 2021 2020 Current assets $1,010 $700 Property, plant and equipment 970 800 Total assets $1,980 $1,500 Liabilities and stockholders' equity Current liabilities $460 $260 Long-term debt 530 300 Common stock 450 600 Retained earnings 540 340 Total liabilities and stockholders' equity $1,980 $1,500

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