Prepare a comparative balance sheet of Headland Company showing the percent each item is of the...

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Accounting

Prepare a comparative balance sheet of Headland Company showingthe percent each item is of the total assets or total liabilitiesand stockholders’ equity. (Round percentages to 2decimal places, e.g. 2.25%.)
HEADLAND COMPANY
Comparative Balance Sheet
December 31, 2021 and 2020
December 31
Assets
2021
2020
Cash
$178,200
enter percentages rounded to 2 decimal places
% $275,600
enter percentages rounded to 2 decimal places
%
Accounts receivable (net)
219,200
enter percentages rounded to 2 decimal places
% 156,500
enter percentages rounded to 2 decimal places
%
Short-term investments
272,400
enter percentages rounded to 2 decimal places
% 149,600
enter percentages rounded to 2 decimal places
%
Inventories
1,070,300
enter percentages rounded to 2 decimal places
% 984,000
enter percentages rounded to 2 decimal places
%
Prepaid expenses
24,900
enter percentages rounded to 2 decimal places
% 24,900
enter percentages rounded to 2 decimal places
%
Plant and equipment
2,602,300
enter percentages rounded to 2 decimal places
% 1,938,700
enter percentages rounded to 2 decimal places
%
Accumulated depreciation
(997,800 )
enter percentages rounded to 2 decimal places
% (749,600 )
enter percentages rounded to 2 decimal places
%
     Total
$3,369,500
enter percentages rounded to 2 decimal places
% $2,779,700
enter percentages rounded to 2 decimal places
%
Liabilities and Stockholders’ Equity
Accounts payable
$50,500
enter percentages rounded to 2 decimal places
% $74,300
enter percentages rounded to 2 decimal places
%
Accrued expenses
169,000
enter percentages rounded to 2 decimal places
% 199,600
enter percentages rounded to 2 decimal places
%
Bonds payable
446,600
enter percentages rounded to 2 decimal places
% 189,100
enter percentages rounded to 2 decimal places
%
Capital stock
2,117,100
enter percentages rounded to 2 decimal places
% 1,782,700
enter percentages rounded to 2 decimal places
%
Retained earnings
586,300
enter percentages rounded to 2 decimal places
% 534,000
enter percentages rounded to 2 decimal places
%
     Total
$3,369,500
enter percentages rounded to 2 decimal places
% $2,779,700
enter percentages rounded to 2 decimal places
%
eTextbook and Media
Prepare a comparative balance sheet of Headland Company showingthe dollar change and the percent change for each item.(If there is a decrease from 2020 to 2021, then enterthe amounts and percentages with either a negative sign, i.e.-92,000, -25.25 or parenthesis, i.e. (92,000),(25.25).)
HEADLAND COMPANY
Comparative Balance Sheet
December 31, 2021 and 2020
December 31
Increase or (Decrease)
Assets
2021
2020
$ Change
% Change
Cash
$178,200 $275,600
$enter a dollar amount
enter percentages
%
Accounts receivable (net)
219,200 156,500
enter a dollar amount
enter percentages
%
Investments
272,400 149,600
enter a dollar amount
enter percentages
%
Inventories
1,070,300 984,000
enter a dollar amount
enter percentages
%
Prepaid expenses
24,900 24,900
enter a dollar amount
enter percentages
%
Plant and equipment
2,602,300 1,938,700
enter a dollar amount
enter percentages
%
Accumulated depreciation
(997,800 ) (749,600 )
enter a dollar amount
enter percentages %
     Total
$3,369,500 $2,779,700
$enter a dollar amount
enter percentages %
Liabilities and Stockholders’ Equity
Accounts payable
$50,500 $74,300
$enter a dollar amount
enter percentages
%
Accrued expenses
169,000 199,600
enter a dollar amount
enter percentages
%
Bonds payable
446,600 189,100
enter a dollar amount
enter percentages
%
Capital stock
2,117,100 1,782,700
enter a dollar amount
enter percentages
%
Retained earnings
586,300 534,000
enter a dollar amount
enter percentages %
     Total
$3,369,500 $2,779,700
$enter a dollar amount
enter percentages %

HEADLAND COMPANY Comparative Balance Sheet December 31, 2021 and 2020
	December 31
Assets	2021		2020
Cash	$178,200			enter percentages rounded to 2 decimal places	%	$275,600		enter percentages rounded to 2 decimal places	%
Accounts receivable (net)	219,200			enter percentages rounded to 2 decimal places	%	156,500		enter percentages rounded to 2 decimal places	%
Short-term investments	272,400			enter percentages rounded to 2 decimal places	%	149,600		enter percentages rounded to 2 decimal places	%
Inventories	1,070,300			enter percentages rounded to 2 decimal places	%	984,000		enter percentages rounded to 2 decimal places	%
Prepaid expenses	24,900			enter percentages rounded to 2 decimal places	%	24,900		enter percentages rounded to 2 decimal places	%
Plant and equipment	2,602,300			enter percentages rounded to 2 decimal places	%	1,938,700		enter percentages rounded to 2 decimal places	%
Accumulated depreciation	(997,800	)		enter percentages rounded to 2 decimal places	%	(749,600	)	enter percentages rounded to 2 decimal places	%
Total	$3,369,500			enter percentages rounded to 2 decimal places	%	$2,779,700		enter percentages rounded to 2 decimal places	%

Liabilities and Stockholders’ Equity
Accounts payable	$50,500			enter percentages rounded to 2 decimal places	%	$74,300		enter percentages rounded to 2 decimal places	%
Accrued expenses	169,000			enter percentages rounded to 2 decimal places	%	199,600		enter percentages rounded to 2 decimal places	%
Bonds payable	446,600			enter percentages rounded to 2 decimal places	%	189,100		enter percentages rounded to 2 decimal places	%
Capital stock	2,117,100			enter percentages rounded to 2 decimal places	%	1,782,700		enter percentages rounded to 2 decimal places	%
Retained earnings	586,300			enter percentages rounded to 2 decimal places	%	534,000		enter percentages rounded to 2 decimal places	%
Total	$3,369,500			enter percentages rounded to 2 decimal places	%	$2,779,700		enter percentages rounded to 2 decimal places	%

Answer & Explanation Solved by verified expert

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1 HEADLAND COMPANY Comparative Balance Sheet December 31 2021 and 2020 Assets Dec 31 2021 Dec 31 2020 Cash 178200 53 275600 991 Accounts receivable net 219200 65 156500 563 Shortterm investments 272400 81 149600 538 Inventories 1070300 318 984000 3540 Prepaid expenses 24900 07 See Answer

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HEADLAND COMPANY Comparative Balance Sheet December 31, 2021 and 2020
	December 31				Increase or (Decrease)
Assets	2021		2020		$ Change	% Change
Cash	$178,200		$275,600		$enter a dollar amount	enter percentages	%
Accounts receivable (net)	219,200		156,500		enter a dollar amount	enter percentages	%
Investments	272,400		149,600		enter a dollar amount	enter percentages	%
Inventories	1,070,300		984,000		enter a dollar amount	enter percentages	%
Prepaid expenses	24,900		24,900		enter a dollar amount	enter percentages	%
Plant and equipment	2,602,300		1,938,700		enter a dollar amount	enter percentages	%
Accumulated depreciation	(997,800	)	(749,600	)	enter a dollar amount	enter percentages	%
Total	$3,369,500		$2,779,700		$enter a dollar amount	enter percentages	%

Liabilities and Stockholders’ Equity
Accounts payable	$50,500		$74,300		$enter a dollar amount	enter percentages	%
Accrued expenses	169,000		199,600		enter a dollar amount	enter percentages	%
Bonds payable	446,600		189,100		enter a dollar amount	enter percentages	%
Capital stock	2,117,100		1,782,700		enter a dollar amount	enter percentages	%
Retained earnings	586,300		534,000		enter a dollar amount	enter percentages	%
Total	$3,369,500		$2,779,700		$enter a dollar amount	enter percentages	%