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Presented below is the comparative balance sheet for Skysong Company. Skysong Company Comparative Balance Sheet As of December 31, 2021 and 2020 December 31 2021 2022 Assets Cash $178,300 $276,000 Accounts receivable (net) 219,900 154,300 Short-term investments 269,400 149,700 Inventories 1,069,600 982,200 Prepaid expenses 24,900 24,900 Plant & equipment 2,604,600 1,968,800 Accumulated depreciation (990,000) (752,100) $3,376,700 $2,803,800 Liabilities and Stockholders' Equity Accounts payable Accrued expenses Bonds payable Capital stock Retained earnings $49,900 170,100 446,600 2,109,800 600,300 $3,376,700 $74,700 198,600 188,900 1,777,900 563,700 $2,803,800 Prepare a comparative balance sheet of Skysong Company showing the percent each item is of the total assets or total liabilities and stockholders' equity. (Round percentages to 2 decimal places, e.g. 2.25%.) Assets Cash Accounts receivable (net) Short-term investments Inventories Prepaid expenses Plant and equipment Accumulated depreciation Total SKYSONG COMPANY Comparative Balance Sheet December 31, 2021 and 2020 December 31 2021 $178,300 9 $276,000 219,900 % 154,300 269,400 149,700 1,069,600 982,200 24,900 24,900 2,604,600 % 1,968,800 (990,000) 1% (752,100) $3,376,700 % $2,803,800 % Liabilities and Stockholders' Equity Accounts payable $49,900 Accrued expenses 170,100 Bonds payable 446,600 Capital stock 2,109,800 Retained earnings 600,300 574,700 198,600 188,900 1,777,900 563,700 $2,803,800 1% 1% % Total $3,376,700 Prepare a comparative balance sheet of Skysong Company showing the dollar change and the percent change for each item. (If there is a decrease from 2020 to 2021, then enter the amounts and percentages with either a negative sign, i.e. -92,000, -25.25 or parenthesis, i.e. (92,000). (25.25).) SKYSONG COMPANY Comparative Balance Sheet December 31, 2021 and 2020 December 31 Increase or Decrease 2021 2020 $ Change % Change $178,300 $276,000 Assets Cash Accounts receivable (net) Investments Inventories Prepaid expenses Plant and equipment Accumulated depreciation Total 219,900 269,400 1,069,600 24,900 2,604,600 (990,000) $3,376,700 154,300 149,700 982,200 24,900 1,968,800 (752,100 ) $2,803,800 Liabilities and Stockholders' Equity Accounts payable $49,900 Accrued expenses 170,100 Bonds payable 446,600 Capital stock 2,109,800 Retained earnings 600,300 Total $3,376,700 574,700 198,600 188,900 1,777,900 563,700 $2,803,800

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